Flaherty & Crumrine Preferred and Income Fund Inc. (PFO) to Issue Monthly Dividend of $0.05 on November 28th

Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO) declared a monthly dividend on Friday, October 17th. Stockholders of record on Thursday, November 20th will be paid a dividend of 0.0525 per share on Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Thursday, November 20th. This is a 2.5% increase from Flaherty & Crumrine Preferred and Income Fund’s previous monthly dividend of $0.05.

Flaherty & Crumrine Preferred and Income Fund Stock Down 0.4%

Shares of NYSE PFO opened at $9.55 on Tuesday. Flaherty & Crumrine Preferred and Income Fund has a twelve month low of $8.01 and a twelve month high of $9.90. The business has a fifty day simple moving average of $9.69 and a two-hundred day simple moving average of $9.35.

Institutional Trading of Flaherty & Crumrine Preferred and Income Fund

Several hedge funds have recently modified their holdings of PFO. Private Advisor Group LLC raised its stake in shares of Flaherty & Crumrine Preferred and Income Fund by 0.9% during the 3rd quarter. Private Advisor Group LLC now owns 191,153 shares of the company’s stock worth $1,864,000 after acquiring an additional 1,745 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Flaherty & Crumrine Preferred and Income Fund by 9.5% during the 2nd quarter. NewEdge Advisors LLC now owns 31,081 shares of the company’s stock valued at $287,000 after purchasing an additional 2,709 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Flaherty & Crumrine Preferred and Income Fund in the 2nd quarter worth $32,000. Raymond James Financial Inc. acquired a new stake in shares of Flaherty & Crumrine Preferred and Income Fund in the 2nd quarter worth $49,000. Finally, Envestnet Asset Management Inc. increased its position in Flaherty & Crumrine Preferred and Income Fund by 4.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 138,408 shares of the company’s stock valued at $1,280,000 after buying an additional 6,058 shares in the last quarter. 12.90% of the stock is owned by hedge funds and other institutional investors.

Flaherty & Crumrine Preferred and Income Fund Company Profile

Flaherty & Crumrine Preferred Income Opportunity Fund Inc is a closed ended equity mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the financial services sector.