Flaherty & Crumrine Preferred Income Fund Inc. to Issue Monthly Dividend of $0.07 (NYSE:PFD)

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) declared a monthly dividend on Friday, January 23rd. Shareholders of record on Thursday, April 23rd will be given a dividend of 0.0672 per share by the real estate investment trust on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Thursday, April 23rd.

Flaherty & Crumrine Preferred Income Fund Trading Down 0.3%

Shares of Flaherty & Crumrine Preferred Income Fund stock opened at $11.63 on Tuesday. Flaherty & Crumrine Preferred Income Fund has a 12-month low of $10.65 and a 12-month high of $12.16. The business’s 50 day moving average is $11.57 and its 200-day moving average is $11.75.

Flaherty & Crumrine Preferred Income Fund Company Profile

Flaherty & Crumrine Preferred Income Fund (NYSE: PFD) is a closed-end management investment company that seeks to provide shareholders with a high level of current income by investing primarily in preferred securities. The fund’s portfolio typically includes both U.S. and global preferred stocks, hybrid capital instruments and other fixed-income securities that pay fixed or adjustable dividends. It may also invest in investment-grade and below-investment-grade issues to capture yield opportunities across credit quality tiers.

Since its inception in 2006, PFD has aimed to deliver attractive after-tax total returns by actively managing interest-rate and credit-risk exposure.