Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

First Trust Intermediate Duration Preferred & Income Fund (FPF)

Company Dividend Discount ModelIndustry: Asset Management - IncomeSector: Financial Services

Valuation Snapshot

Stable Growth$30.96 - $44.78$37.68
Multi-Stage$70.35 - $77.35$73.78
Blended Fair Value$55.73
Current Price$17.62
Upside216.28%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-0.93%-1.61%1.621.311.501.531.591.701.771.891.952.10
YoY Growth--23.66%-12.66%-1.85%-3.76%-6.47%-3.95%-6.35%-3.01%-7.44%10.29%
Dividend Yield--8.63%9.21%9.15%6.04%7.36%7.05%8.64%7.61%8.59%9.58%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)265.47
(-) Cash Dividends Paid (M)188.02
(=) Cash Retained (M)77.45
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)53.0933.1819.91
Cash Retained (M)77.4577.4577.45
(-) Cash Required (M)-53.09-33.18-19.91
(=) Excess Retained (M)24.3544.2657.54
(/) Shares Outstanding (M)60.8560.8560.85
(=) Excess Retained per Share0.400.730.95
LTM Dividend per Share3.093.093.09
(+) Excess Retained per Share0.400.730.95
(=) Adjusted Dividend3.493.824.04
WACC / Discount Rate7.25%7.25%7.25%
Growth Rate-3.61%-2.61%-1.61%
Fair Value$30.96$37.68$44.78
Upside / Downside75.69%113.83%154.13%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)265.47258.53251.77245.18238.77232.53239.51
Payout Ratio70.83%74.66%78.50%82.33%86.17%90.00%92.50%
Projected Dividends (M)188.02193.02197.63201.86205.74209.28221.54

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.25%7.25%7.25%
Growth Rate-3.61%-2.61%-1.61%
Year 1 PV (M)178.12179.97181.81
Year 2 PV (M)168.29171.80175.35
Year 3 PV (M)158.63163.62168.71
Year 4 PV (M)149.20155.48161.97
Year 5 PV (M)140.05147.46155.19
PV of Terminal Value (M)3,486.353,670.993,863.38
Equity Value (M)4,280.634,489.334,706.41
Shares Outstanding (M)60.8560.8560.85
Fair Value$70.35$73.78$77.35
Upside / Downside299.26%318.73%338.97%

High-Yield Dividend Screener

« Prev Page 107 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
6850.TChino Corporation0.71%$9.969.27%
688059.SSZhuzhou Huarui Precision Cutting Tools Co.,Ltd0.71%$0.5629.25%
688508.SSWuxi Chipown Micro-electronics limited0.71%$0.4326.46%
9638.HKFerretti S.p.A.0.71%$0.2038.33%
CRAB.JKPT Toba Surimi Industries Tbk0.71%$2.0013.13%
NBRNabors Industries Ltd.0.71%$0.402.93%
000429.SZGuangdong Provincial Expressway Development Co., Ltd.0.70%$0.089.82%
001288.SZSichuan Zigong Conveying Machine Group Co., Ltd.0.70%$0.2229.11%
002131.SZLeo Group Co., Ltd.0.70%$0.0452.22%
002676.SZGuangdong Sunwill Precising Plastic Co.,Ltd0.70%$0.0659.42%
012510.KSDouzone Bizon Co., Ltd.0.70%$627.8325.46%
0306.HKKwoon Chung Bus Holdings Limited0.70%$0.025.99%
0596.HKInspur Digital Enterprise Technology Limited0.70%$0.057.15%
0A28.LProsus N.V.0.70%$0.202.47%
2308.TWDelta Electronics, Inc.0.70%$6.9936.39%
248170.KSSempio Foods Company0.70%$199.906.93%
300570.SZT&S Communications Co.,Ltd.0.70%$0.8148.35%
301121.SZChongqing VDL Electronics Co., Ltd.0.70%$0.2871.34%
600436.SSZhangzhou Pientzehuang Pharmaceutical., Ltd0.70%$1.1929.62%
601179.SSChina XD Electric Co., Ltd0.70%$0.0626.97%
603610.SSKeeson Technology Corporation Limited0.70%$0.1330.85%
603861.SSGuangzhou Baiyun Electric Equipment Co., Ltd.0.70%$0.0920.16%
603931.SSHangzhou Greenda Electronic Materials Co., Ltd.0.70%$0.2234.41%
EBG.AXEumundi Group Limited0.70%$0.0111.04%
FIBRAPL14.MXFIBRA Prologis0.70%$0.5310.31%
GENT.OLGentian Diagnostics ASA0.70%$0.4014.62%
GNP.AXGenusPlus Group Limited0.70%$0.0414.64%
000752.SZTibet Development Co., Ltd.0.69%$0.0813.60%
002370.SZZhejiang Yatai Pharmaceutical Co., Ltd.0.69%$0.0527.70%
002720.KSKukje Pharma Co., Ltd.0.69%$30.079.58%
035900.KQJYP Entertainment Corporation0.69%$534.0010.38%
0YQA.LCarel Industries S.p.A.0.69%$0.1728.52%
163730.KQFinger, Inc.0.69%$70.8522.74%
1698.HKTencent Music Entertainment Group0.69%$0.4813.95%
300274.SZSungrow Power Supply Co., Ltd.0.69%$1.1815.76%
300285.SZShandong Sinocera Functional Material Co., Ltd.0.69%$0.1930.63%
300314.SZNingbo David Medical Device Co., Ltd.0.69%$0.0937.64%
300373.SZYangzhou Yangjie Electronic Technology Co., Ltd.0.69%$0.4719.50%
300434.SZSichuan Goldstone Asia Pharmaceutical Inc.0.69%$0.0722.00%
300800.SZLihe Technology (Hunan) Co., Ltd.0.69%$0.0845.90%
5E2.SISeatrium Ltd0.69%$0.0119.15%
600206.SSGrinm Advanced Materials Co., Ltd.0.69%$0.1442.92%
600760.SSAVIC Shenyang Aircraft Company Limited0.69%$0.3937.55%
601838.SSBank of Chengdu Co., Ltd.0.69%$0.113.53%
603038.SSDongguan Huali Industries Co.,Ltd0.69%$0.1185.83%
603790.SSArgus (Shanghai) Textile Chemicals Co.,Ltd.0.69%$0.1345.04%
605488.SSZhejiang Fulai New Material Co.,Ltd.0.69%$0.2449.43%
EYAPS.ATThessaloniki Water Supply & Sewerage Co S.A.0.69%$0.039.65%
SKBNK.ISSekerbank T.A.S.0.69%$0.054.55%
VBNKVersaBank0.69%$0.1011.57%