Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. Plans Monthly Dividend of $0.13 (NYSE:DFP)

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) announced a monthly dividend on Thursday, July 23rd. Shareholders of record on Friday, October 23rd will be paid a dividend of 0.1314 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Friday, October 23rd.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

Shares of DFP opened at $20.75 on Friday. The firm has a 50-day moving average of $20.55 and a 200-day moving average of $20.90. Flaherty & Crumrine Dynamic Preferred and Income Fund has a one year low of $19.56 and a one year high of $22.11.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Shaker Financial Services LLC acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 2nd quarter worth approximately $427,000. Hennion & Walsh Asset Management Inc. lifted its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.7% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 218,689 shares of the company’s stock valued at $4,520,000 after purchasing an additional 43,356 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 2nd quarter valued at $36,000. Cetera Investment Advisers boosted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.4% during the first quarter. Cetera Investment Advisers now owns 22,871 shares of the company’s stock worth $459,000 after purchasing an additional 1,382 shares during the period. Finally, Private Advisor Group LLC increased its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 2.8% in the first quarter. Private Advisor Group LLC now owns 39,931 shares of the company’s stock valued at $801,000 after purchasing an additional 1,069 shares during the last quarter.

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.