Landscape Capital Management L.L.C. Decreases Stock Holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

Landscape Capital Management L.L.C. lowered its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 78.4% during the 3rd quarter, Holdings Channel reports. The firm owned 13,943 shares of the company’s stock after selling 50,571 shares during the period. Landscape Capital Management L.L.C.’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Pathway Financial Advisers LLC bought a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 1st quarter worth $60,000. Northwestern Mutual Wealth Management Co. increased its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 22.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,575 shares of the company’s stock worth $126,000 after buying an additional 1,197 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the second quarter worth about $160,000. Aviance Capital Partners LLC purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the third quarter valued at about $203,000. Finally, Concurrent Investment Advisors LLC grew its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 53.2% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 15,411 shares of the company’s stock valued at $296,000 after acquiring an additional 5,351 shares during the period.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

Shares of DFP stock opened at $20.13 on Monday. The company has a 50 day moving average of $20.88 and a 200-day moving average of $19.93. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 12-month low of $17.14 and a 12-month high of $21.73.

Flaherty & Crumrine Dynamic Preferred and Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be paid a $0.1151 dividend. The ex-dividend date is Thursday, November 21st. This is a positive change from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous monthly dividend of $0.11. This represents a $1.38 annualized dividend and a dividend yield of 6.86%.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc is a closed ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.