Flaherty & Crumrine Preferred Income Fund Inc. (PFD) To Go Ex-Dividend on November 20th

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) declared a monthly dividend on Friday, October 17th. Shareholders of record on Thursday, November 20th will be paid a dividend of 0.0647 per share by the real estate investment trust on Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Thursday, November 20th. This is a 3.0% increase from Flaherty & Crumrine Preferred Income Fund’s previous monthly dividend of $0.06.

Flaherty & Crumrine Preferred Income Fund Stock Down 0.1%

Shares of PFD stock opened at $11.75 on Tuesday. The stock has a 50-day simple moving average of $11.91 and a 200 day simple moving average of $11.50. Flaherty & Crumrine Preferred Income Fund has a fifty-two week low of $10.22 and a fifty-two week high of $12.16.

Institutional Investors Weigh In On Flaherty & Crumrine Preferred Income Fund

Several large investors have recently made changes to their positions in PFD. Whipplewood Advisors LLC acquired a new stake in shares of Flaherty & Crumrine Preferred Income Fund in the second quarter valued at about $43,000. Farther Finance Advisors LLC acquired a new stake in shares of Flaherty & Crumrine Preferred Income Fund during the 3rd quarter valued at about $47,000. CreativeOne Wealth LLC acquired a new stake in shares of Flaherty & Crumrine Preferred Income Fund during the 2nd quarter valued at about $115,000. Arlington Capital Management Inc. bought a new stake in Flaherty & Crumrine Preferred Income Fund in the first quarter valued at about $150,000. Finally, Signature Wealth Management Partners LLC acquired a new position in Flaherty & Crumrine Preferred Income Fund in the second quarter worth about $162,000.

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.