First Trust Intermediate Duration Preferred & Income Fund Announces Monthly Dividend of $0.14 (NYSE:FPF)

Posted by Geri Gentry on Jun 19th, 2026

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF – Get Free Report) declared a monthly dividend on Thursday, June 18th. Investors of record on Wednesday, July 1st will be paid a dividend of 0.1375 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date is Wednesday, July 1st.

First Trust Intermediate Duration Preferred & Income Fund Price Performance

Shares of FPF stock opened at $18.00 on Friday. The stock’s 50 day simple moving average is $18.17 and its 200 day simple moving average is $18.44. First Trust Intermediate Duration Preferred & Income Fund has a twelve month low of $17.21 and a twelve month high of $19.75.

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

A number of institutional investors have recently modified their holdings of the company. Sit Investment Associates Inc. lifted its stake in shares of First Trust Intermediate Duration Preferred & Income Fund by 111.6% in the fourth quarter. Sit Investment Associates Inc. now owns 1,215,664 shares of the company’s stock worth $22,660,000 after buying an additional 641,124 shares during the last quarter. Morgan Stanley grew its stake in First Trust Intermediate Duration Preferred & Income Fund by 6.0% in the 4th quarter. Morgan Stanley now owns 9,196,102 shares of the company’s stock valued at $171,415,000 after buying an additional 522,557 shares during the last quarter. Peak Planning Group LLC acquired a new position in First Trust Intermediate Duration Preferred & Income Fund in the 4th quarter valued at $7,259,000. Wells Fargo & Company MN raised its holdings in First Trust Intermediate Duration Preferred & Income Fund by 13.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,154,534 shares of the company’s stock worth $21,521,000 after acquiring an additional 141,156 shares during the period. Finally, Invesco Ltd. raised its holdings in First Trust Intermediate Duration Preferred & Income Fund by 18.8% in the 4th quarter. Invesco Ltd. now owns 746,621 shares of the company’s stock worth $13,917,000 after acquiring an additional 118,352 shares during the period.

About First Trust Intermediate Duration Preferred & Income Fund

(Get Free Report)

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.