|Bid||22.32 x 800|
|Ask||23.26 x 800|
|Day's Range||22.52 - 22.64|
|52 Week Range||10.75 - 24.84|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 04, 2021 - Jan 11, 2021|
|Forward Dividend & Yield||1.53 (6.83%)|
|Ex-Dividend Date||Nov 02, 2020|
|1y Target Est||N/A|
First Trust Intermediate Duration Preferred & Income Fund (the "Fund") (NYSE: FPF) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.1275 per share payable on December 15, 2020, to shareholders of record as of December 2, 2020. The ex-dividend date is expected to be December 1, 2020. The monthly distribution information for the Fund appears below.
First Trust Intermediate Duration Preferred & Income Fund (the "Fund") (NYSE: FPF) has decreased its regularly scheduled monthly common share distribution to $0.1275 per share from $0.1325 per share. The distribution will be payable on November 16, 2020, to shareholders of record as of November 3, 2020. The ex-dividend date is expected to be November 2, 2020. The monthly distribution information for the Fund appears below.
Most preferreds from the leading issuers—the major banks—now trade at premiums to their face value, often resulting in yields of 3% or less until the securities are likely to be called for redemption in the coming years. “We think the market is still attractive,” says Douglas Baker, the head of preferred investing at Nuveen, which runs the $4 billion fund (NPSAX) and several closed-end funds, including (JPS). Preferreds have long been popular with retail investors because of their relatively high yields, security (preferred is senior to common stock), and liquidity.