What is First Trust Institutional Preferred Securities & Income ETF's dividend yield?▾
First Trust Institutional Preferred Securities & Income ETF (FPEI) pays a current trailing twelve-month dividend yield of 5.81%, which works out to $1.11 per share annually based on the most recent payout schedule.
When does First Trust Institutional Preferred Securities & Income ETF pay distributions?▾
The most recent ex-dividend date was July 21, 2026. The next scheduled dividend payment date is July 31, 2026.
How many years has First Trust Institutional Preferred Securities & Income ETF increased its dividend?▾
First Trust Institutional Preferred Securities & Income ETF (FPEI) has increased its dividend for 4 consecutive years.
What does First Trust Institutional Preferred Securities & Income ETF invest in?▾
The fund under normal market conditions, invests at least 80% of its net assets (including investment borrowings) in institutional preferred securities and income-producing debt securities. Preferred securities are a type of equity security that have preference over common stock in the payment of distributions and the liquidation of a company's assets, but are generally junior to all forms of the company's debt, including both senior and subordinated debt. The fund's investments in preferred securities will primarily be in institutional preferred securities.
