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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) announced a monthly dividend on Friday, June 20th, Wall Street Journal reports. Investors of record on Tuesday, July 1st will be given a dividend of 0.1375 per share on Tuesday, July 15th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 8.95%. The ex-dividend date of this dividend is Tuesday, July 1st.

First Trust Intermediate Duration Preferred & Income Fund Trading Up 0.5%

NYSE:FPF opened at $18.43 on Friday. First Trust Intermediate Duration Preferred & Income Fund has a 12 month low of $15.60 and a 12 month high of $19.74. The business’s 50-day moving average is $17.87 and its 200 day moving average is $18.17.

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

An institutional investor recently bought a new position in First Trust Intermediate Duration Preferred & Income Fund stock. Jones Financial Companies Lllp acquired a new stake in shares of First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,256 shares of the company’s stock, valued at approximately $60,000.

First Trust Intermediate Duration Preferred & Income Fund Company Profile

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.