First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) Shareholders to Get $0.14 Monthly Dividend

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) announced a monthly dividend on Tuesday, October 20th. Shareholders of record on Monday, November 2nd will be paid a dividend of $0.1375 per share on Monday, November 16th. This represents a $1.65 dividend on an annualized basis and a yield of 10.5%. The ex-dividend date of this dividend is Monday, November 2nd.

First Trust Intermediate Duration Preferred & Income Fund Stock Down 0.0%

FPF stock traded down $0.01 during mid-day trading on Wednesday, hitting $15.69. The company had a trading volume of 42,100 shares, compared to its average volume of 132,794. First Trust Intermediate Duration Preferred & Income Fund has a 12-month low of $15.30 and a 12-month high of $19.36. The company has a 50-day moving average price of $16.80 and a 200 day moving average price of $17.60.

Institutional Investors Weigh In On First Trust Intermediate Duration Preferred & Income Fund

Large investors have recently made changes to their positions in the company. Main Street Group LTD bought a new stake in shares of First Trust Intermediate Duration Preferred & Income Fund in the 1st quarter worth about $26,000. Ascentis Independent Advisors purchased a new stake in First Trust Intermediate Duration Preferred & Income Fund during the first quarter valued at approximately $34,000. Allworth Financial LP purchased a new stake in First Trust Intermediate Duration Preferred & Income Fund during the second quarter valued at approximately $47,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of First Trust Intermediate Duration Preferred & Income Fund in the 2nd quarter valued at approximately $48,000. Finally, Allied Private Wealth LLC bought a new stake in shares of First Trust Intermediate Duration Preferred & Income Fund in the 2nd quarter valued at approximately $60,000.

About First Trust Intermediate Duration Preferred & Income Fund

First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) is a closed-end investment company managed by First Trust Advisors L.P. The fund is designed to provide investors with current income and, as a secondary objective, capital appreciation.

FPF invests primarily in preferred securities and income-producing debt securities, including securities issued by corporations and financial institutions. Its portfolio is managed with an intermediate-duration approach, which seeks to balance income generation with sensitivity to changes in interest rates.

The fund may invest in securities issued by companies in the United States and other countries, providing exposure to multiple sectors and geographies.