Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) Plans Dividend Increase – $0.06 Per Share

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) announced a monthly dividend on Wednesday, January 22nd,NASDAQ Dividends reports. Shareholders of record on Friday, February 21st will be given a dividend of 0.061 per share by the real estate investment trust on Friday, February 28th. This represents a $0.73 dividend on an annualized basis and a yield of 6.47%. The ex-dividend date of this dividend is Friday, February 21st. This is a positive change from Flaherty & Crumrine Preferred Income Fund’s previous monthly dividend of $0.03.

Flaherty & Crumrine Preferred Income Fund has decreased its dividend payment by an average of 11.9% per year over the last three years.

Flaherty & Crumrine Preferred Income Fund Trading Down 0.1 %

Shares of NYSE PFD traded down $0.01 during midday trading on Thursday, hitting $11.31. The stock had a trading volume of 18,650 shares, compared to its average volume of 16,882. The business’s 50 day moving average is $11.31 and its 200-day moving average is $11.36. Flaherty & Crumrine Preferred Income Fund has a 52 week low of $9.80 and a 52 week high of $12.08.

About Flaherty & Crumrine Preferred Income Fund

Flaherty & Crumrine Preferred Income 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 the stocks of companies operating in the financials sector. The fund primarily invests in preferred securities.