First Trust Intermediate Duration Preferred & Income Fund (FPF) To Go Ex-Dividend on June 1st

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) declared a monthly dividend on Wednesday, May 20th. Stockholders of record on Monday, June 1st will be paid a dividend of 0.1375 per share on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 9.2%. The ex-dividend date is Monday, June 1st.

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

Shares of NYSE FPF opened at $17.91 on Friday. First Trust Intermediate Duration Preferred & Income Fund has a 1-year low of $17.21 and a 1-year high of $19.75. The company has a fifty day moving average price of $18.13 and a 200 day moving average price of $18.54.

Hedge Funds Weigh In On First Trust Intermediate Duration Preferred & Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FPF. Main Street Group LTD acquired a new position in First Trust Intermediate Duration Preferred & Income Fund in the 1st quarter worth $26,000. Ascentis Independent Advisors acquired a new position in First Trust Intermediate Duration Preferred & Income Fund in the 1st quarter worth $34,000. CIBC Private Wealth Group LLC acquired a new position in First Trust Intermediate Duration Preferred & Income Fund in the 4th quarter worth $49,000. Advisory Services Network LLC acquired a new position in First Trust Intermediate Duration Preferred & Income Fund in the 3rd quarter worth $53,000. Finally, Jones Financial Companies Lllp acquired a new position in First Trust Intermediate Duration Preferred & Income Fund in the 1st quarter worth $60,000.

About First Trust Intermediate Duration Preferred & Income Fund

First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) is a diversified closed-end management investment company that seeks to provide a high level of current income, with a secondary objective of capital appreciation. Listed on the New York Stock Exchange, the fund aims to deliver a consistent distribution by investing primarily in intermediate-duration preferred securities issued by U.S. and foreign corporations, financial institutions and utilities.

The fund’s portfolio is composed predominantly of fixed- and floating-rate preferred stocks, with at least 80% of its total assets invested in such securities.