Somewhat Favorable Media Coverage Somewhat Unlikely to Impact First Trust Intrmdt Drtn Prfrd & Incm Fd (FPF) Stock Price
News stories about First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. First Trust Intrmdt Drtn Prfrd & Incm Fd earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.8986102073054 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE FPF) traded up 0.70% on Friday, reaching $24.55. The company’s stock had a trading volume of 118,924 shares. First Trust Intrmdt Drtn Prfrd & Incm Fd has a 1-year low of $20.67 and a 1-year high of $24.95. The company has a 50 day moving average of $24.50 and a 200 day moving average of $24.10.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, October 16th. Investors of record on Tuesday, October 3rd will be issued a dividend of $0.1525 per share. This represents a $1.83 dividend on an annualized basis and a yield of 7.45%. The ex-dividend date is Monday, October 2nd.
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About First Trust Intrmdt Drtn Prfrd & Incm Fd
First Trust Intermediate Duration Preferred & Income Fund (the Fund) is a non-diversified closed-end management investment company. The primary investment objective of the Fund is to seek a high level of current income. The Fund has a secondary objective of capital appreciation. The Fund has investments in various industry sectors, such as banks; insurance; electric utilities; food products; capital markets; diversified telecommunication services; diversified financial services; wireless telecommunication services; consumer finance; oil, gas and consumable fuels; energy equipment and services; diversified financial services; independent power producers and renewable electricity producers; equity real estate investment trusts; metals and mining; multi-utilities; industrial conglomerates; transportation infrastructure; telecommunication services, and Internet software and services.
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