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$28.24 - $40.06$34.07
Multi-Stage$56.53 - $62.05$59.23
Blended Fair Value$46.65
Current Price$17.62
Upside164.78%
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 Rate8.30%8.30%8.30%
Growth Rate-3.61%-2.61%-1.61%
Fair Value$28.24$34.07$40.06
Upside / Downside60.30%93.38%127.37%

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 Rate8.30%8.30%8.30%
Growth Rate-3.61%-2.61%-1.61%
Year 1 PV (M)176.40178.23180.06
Year 2 PV (M)165.07168.51171.99
Year 3 PV (M)154.09158.93163.88
Year 4 PV (M)143.53149.58155.82
Year 5 PV (M)133.43140.50147.86
PV of Terminal Value (M)2,667.262,808.532,955.72
Equity Value (M)3,439.783,604.283,775.32
Shares Outstanding (M)60.8560.8560.85
Fair Value$56.53$59.23$62.05
Upside / Downside220.83%236.18%252.13%

High-Yield Dividend Screener

« Prev Page 137 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
600191.SSBaotou Huazi Industry Co., Ltd0.06%$0.019.61%
600288.SSDaheng New Epoch Technology Inc.0.06%$0.018.37%
600486.SSJiangsu Yangnong Chemical Co., Ltd.0.06%$0.041.25%
600490.SSPengxin International Mining Co.,Ltd0.06%$0.004.03%
600615.SSChongqing Fenghwa Group Co., Ltd.0.06%$0.0115.34%
600654.SSChina Security Co., Ltd.0.06%$0.003.19%
603068.SSBeken Corporation0.06%$0.0219.57%
603328.SSGuangdong Ellington Electronics Technology Co.,Ltd0.06%$0.011.50%
605080.SSZhejiang Natural Outdoor Goods Inc.0.06%$0.010.98%
688017.SSLeader Harmonious Drive Systems Co., Ltd.0.06%$0.1225.12%
688585.SSSwancor Advanced Materials Co., Ltd.0.06%$0.0734.27%
688696.SSChengdu Xgimi Technology Co.,Ltd.0.06%$0.071.87%
AAIF.Labrdn Asian Income Fund Limited0.06%$0.1636.85%
AKSGY.ISAkis Gayrimenkul Yatirim Ortakligi A.S.0.06%$0.000.27%
ALTF.TAAltshuler Shaham Finance Ltd0.06%$0.4273.06%
BAKK.LBakkavor Group plc0.06%$0.1587.07%
BLV.LBelvoir Group PLC0.06%$0.1744.51%
BNZL.LBunzl plc0.06%$1.2647.00%
BRIG.LBlackRock Income and Growth Investment Trust plc0.06%$0.1468.68%
BWY.LBellway p.l.c.0.06%$1.6970.03%
CAPD.LCapital Limited0.06%$0.0724.60%
CASP.LCaspian Sunrise plc0.06%$0.0025.15%
CSSG.LCroma Security Solutions Group plc0.06%$0.0446.50%
DNET.JKPT Indoritel Makmur Internasional Tbk.0.06%$5.006.08%
DWHA.LDewhurst Group Plc0.06%$0.3625.82%
ELSPC.TAElspec Engineering Ltd0.06%$0.2580.53%
EPWN.LEpwin Group Plc0.06%$0.0737.55%
ETGA.TAETGA Group Ltd0.06%$1.5589.99%
FIBIH.TAF.I.B.I. Holdings Ltd0.06%$16.9241.38%
HSL.LThe Henderson Smaller Companies Investment Trust plc0.06%$0.5070.94%
HSX.LHiscox Ltd0.06%$0.7720.38%
HVO.LhVIVO plc0.06%$0.0012.02%
IBT.LInternational Biotechnology Trust plc0.06%$0.6157.78%
IDIN.TAI.D.I. Insurance Company Ltd.0.06%$14.7568.21%
IGG.LIG Group Holdings plc0.06%$0.8131.08%
IHP.LIntegraFin Holdings plc0.06%$0.2167.29%
ITRK.LIntertek Group plc0.06%$2.6664.13%
IVPU.LInvesco Perpetual Select Trust plc - UK Equity Share Portfolio0.06%$0.1235.31%
JMI.LJPMorgan UK Smaller Companies Investment Trust Plc0.06%$0.1623.47%
JUGI.LJPMorgan UK Small Cap Growth & Income Plc0.06%$0.2053.22%
LAACLithium Americas (Argentina) Corp.0.06%$0.000.02%
LWDB.LThe Law Debenture Corporation p.l.c.0.06%$0.6628.04%
MGRO.JKPT Mahkota Group Tbk0.06%$0.437.88%
MTVW.LMountview Estates PLC0.06%$5.2542.08%
NAWI.TANawi Brothers Group Ltd0.06%$3.2846.36%
NTN.LNorthern 3 VCT PLC0.06%$0.0576.12%
PSON.LPearson plc0.06%$0.6353.29%
RCDO.LRicardo plc0.06%$0.2449.35%
RMKE.JKPT RMK Energy Tbk0.06%$3.506.74%
SALM.OLSalMar ASA0.06%$0.364.26%