Dividend Information About First Trust Intermediate Duration Preferred & Income Fund: Everything You Need to Know Before Its Ex-Dividend Date on Oct 1, 2025

First Trust Intermediate Duration Preferred & Income Fund (FPF) has announced a cash dividend of $0.1375 per share, payable on Oct 15, 2025. The ex-dividend date for this distribution is set for Oct 1, 2025, meaning investors must own shares before this date to receive the payout. The dividend was officially announced on Sep 18, 2025, maintaining a consistent pattern with the fund’s recent dividend practices. The average of the last 10 dividend payments is also $0.1375 per share, indicating this payout is the same as the historical average. Notably, the most recent dividend was paid on Sep 15, 2025, and was also a cash dividend of $0.1375 per share, reflecting continuity in the fund’s distribution strategy.

Over the past week, market attention has shifted toward FPF’s performance and financial fundamentals. The fund’s stock has risen by 8.5% since the last update, currently trading at $19.5260 as of late. Analysts have highlighted that the forward dividend yield stands at 8.46%, with an expected annual payout of $1.65. However, the 5-year growth rate for dividends is negative at -0.86%, signaling a slight decline in dividend growth over this period. Additionally, recent reports have pointed to FPF’s tax implications and the fund’s premium/discount status, which currently stands at a -2.3% discount to its net asset value. These factors have contributed to increased investor scrutiny of the fund’s long-term sustainability and its ability to maintain its yield in a shifting market environment.

As of late, several developments have underscored the fund’s position within the broader closed-end fund market. The fund’s yield of 8.46% remains among the highest in its category, attracting income-focused investors. Recent market commentary has also drawn attention to FPF’s exposure to preferred securities and its strategy of intermediate-duration fixed income holdings, which have performed relatively well amid recent interest rate fluctuations. Over the past week, the fund’s liquidity and discount level have been frequently discussed, with some analysts suggesting that these metrics could influence future performance and investor sentiment. Additionally, FPF’s management has been under closer watch, with questions arising about the fund’s ability to sustain its current yield amid broader economic uncertainties and potential regulatory changes in the preferred securities market.

In conclusion, investors should be aware that the ex-dividend date for FPF’s upcoming dividend is Oct 1, 2025, which is the last day to purchase shares and be eligible to receive the dividend. Any purchase made after this date will not qualify for the distribution. Given the fund’s recent performance and its role in the income-oriented investment space, it remains a key asset for investors seeking yield in a challenging market environment.