Flaherty & Crumrine Preferred and Income Fund Inc. (PFO) To Go Ex-Dividend on April 23rd

Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO) announced a monthly dividend on Friday, January 23rd. Stockholders of record on Thursday, April 23rd will be given a dividend of 0.0546 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend is Thursday, April 23rd.

Flaherty & Crumrine Preferred and Income Fund Price Performance

Shares of PFO stock traded up $0.07 during trading hours on Tuesday, reaching $9.43. The company had a trading volume of 3,486 shares, compared to its average volume of 29,361. The stock has a fifty day moving average of $9.32 and a 200-day moving average of $9.48. Flaherty & Crumrine Preferred and Income Fund has a 12-month low of $8.01 and a 12-month high of $9.90.

About Flaherty & Crumrine Preferred and Income Fund

Flaherty & Crumrine Preferred and Income Fund (NYSE:PFO) is a closed-end management investment company designed to provide investors with a high level of current income. The fund focuses its portfolio primarily on preferred and participating securities, including traditional preferred shares, convertible preferred instruments, trust preferred issues and other hybrid securities issued by corporations and financial institutions.

Through broad diversification across industry sectors and geographies, PFO aims to manage credit and interest-rate risk while pursuing attractive yield opportunities.