Flaherty & Crumrine Preferred Securities Income Fund Inc. (FFC) to Issue Monthly Dividend of $0.10 on October 30th

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) announced a monthly dividend on Wednesday, July 22nd. Shareholders of record on Friday, October 23rd will be paid a dividend of $0.1046 per share by the financial services provider on Friday, October 30th. This represents a $1.26 annualized dividend and a yield of 8.7%. The ex-dividend date is Friday, October 23rd.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

Flaherty & Crumrine Preferred Securities Income Fund stock opened at $14.51 on Wednesday. The stock’s 50-day moving average is $15.42 and its 200-day moving average is $15.82. Flaherty & Crumrine Preferred Securities Income Fund has a 12 month low of $14.38 and a 12 month high of $16.95.

Institutional Trading of Flaherty & Crumrine Preferred Securities Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the second quarter worth $47,000. Fifth Third Bancorp acquired a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 1st quarter valued at $118,000. Kestra Advisory Services LLC lifted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 100.6% during the 1st quarter. Kestra Advisory Services LLC now owns 15,953 shares of the financial services provider’s stock valued at $247,000 after acquiring an additional 8,002 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 19.6% during the 1st quarter. International Assets Investment Management LLC now owns 17,433 shares of the financial services provider’s stock valued at $272,000 after acquiring an additional 2,855 shares in the last quarter. Finally, Maridea Wealth Management LLC purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the 1st quarter worth $279,000.

About Flaherty & Crumrine Preferred Securities Income Fund

Flaherty & Crumrine Preferred Securities Income Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol FFC. The fund seeks to provide investors with a high level of current income and, to a lesser extent, capital appreciation by investing primarily in preferred securities and other income-producing securities.

The fund’s portfolio may include preferred stocks, hybrid securities, corporate bonds and other fixed-income instruments issued by companies in sectors such as financial services, utilities, real estate investment trusts and industrials.