Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE:DFP) Trading Down 0.2% – Here’s Why

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)’s share price was down 0.2% on Tuesday . The company traded as low as $19.51 and last traded at $19.5780. 58,738 shares traded hands during mid-day trading, an increase of 5% from the average session volume of 55,789 shares. The stock had previously closed at $19.61.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

The firm’s 50 day moving average price is $20.49 and its 200-day moving average price is $20.57.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 23rd will be given a dividend of $0.1314 per share. The ex-dividend date is Friday, October 23rd. This represents a c) dividend on an annualized basis and a yield of 8.1%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the second quarter worth $36,000. AdvisorNet Financial Inc grew its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.0% in the first quarter. AdvisorNet Financial Inc now owns 5,272 shares of the company’s stock valued at $106,000 after purchasing an additional 1,022 shares during the period. Triumph Capital Management increased its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 20.9% during the second quarter. Triumph Capital Management now owns 6,375 shares of the company’s stock worth $132,000 after purchasing an additional 1,100 shares in the last quarter. Mathes Company Inc. increased its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 16.1% during the fourth quarter. Mathes Company Inc. now owns 18,000 shares of the company’s stock worth $374,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Shaker Financial Services LLC acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 2nd quarter worth about $427,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE: DFP) is a closed-end management investment company that seeks to provide current income and total return primarily through investments in preferred securities. The fund pursues a dynamic approach, adjusting portfolio duration and credit exposure in response to changing market conditions in order to enhance yield and manage risk. Its flexible mandate also allows allocations to common stocks, convertible securities and select debt instruments when opportunistic.

DFP’s portfolio generally comprises U.S.