First Trust Intermediate Duration Preferred & Income Fund

SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.

Dividend Growth

Total dividends per share by year

First Trust Intermediate Duration Preferred & Income Fund (FPF) pays a monthly dividend yielding 9.20% ($1.65/yr), with 2 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Key Data

Dividend Yield

9.20%

Payout Ratio

84%

Annual Dividend

$1.65

5-Yr Avg Growth

0.7%

Ex-Dividend Date

Jun 1, 2026

Years of Growth

2

Frequency

monthly

Beta

—

Market Cap

$1.1B

P/E Ratio

9.1

5-Yr Total Return

-28%

52-Week Range

$17.21 – $19.75

Dividend Safety

C · 52/100

Ever Cut?

Yes (2023)

Frequently Asked Questions