First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) Declares $0.13 Monthly Dividend

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPFGet Rating) announced a monthly dividend on Tuesday, June 21st, Zacks reports. Stockholders of record on Tuesday, July 5th will be paid a dividend of 0.127 per share on Friday, July 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.61%. The ex-dividend date of this dividend is Friday, July 1st.

First Trust Intermediate Duration Preferred & Income Fund has decreased its dividend by an average of 4.2% per year over the last three years.

Shares of NYSE:FPF opened at $17.70 on Thursday. The company has a 50-day simple moving average of $19.39 and a 200-day simple moving average of $21.53. First Trust Intermediate Duration Preferred & Income Fund has a one year low of $17.62 and a one year high of $26.26.

Large investors have recently made changes to their positions in the company. HighTower Advisors LLC purchased a new position in First Trust Intermediate Duration Preferred & Income Fund during the first quarter worth about $200,000. Guggenheim Capital LLC raised its holdings in First Trust Intermediate Duration Preferred & Income Fund by 47.7% during the first quarter. Guggenheim Capital LLC now owns 14,738 shares of the company’s stock worth $324,000 after purchasing an additional 4,758 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new position in First Trust Intermediate Duration Preferred & Income Fund during the first quarter worth about $623,000. NewEdge Advisors LLC raised its holdings in First Trust Intermediate Duration Preferred & Income Fund by 30.4% during the first quarter. NewEdge Advisors LLC now owns 29,972 shares of the company’s stock worth $659,000 after purchasing an additional 6,987 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in First Trust Intermediate Duration Preferred & Income Fund by 2.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 30,760 shares of the company’s stock worth $676,000 after purchasing an additional 804 shares in the last quarter.

About First Trust Intermediate Duration Preferred & Income Fund (Get Rating)

First Trust Intermediate Duration Preferred & Income Fund is a closed end fixed income mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Stonebridge Advisors, LLC. It invests in fixed income markets. The fund will also invest in below investment-grade securities like junk or high-yield securities.

See Also

Dividend History for First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF)

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