Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Plans Dividend Increase – $0.09 Per Share

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) announced a dividend on Tuesday, May 20th, investing.com reports. Shareholders of record on Monday, May 26th will be paid a dividend of 0.0939 per share by the financial services provider on Friday, May 30th. This represents a yield of 7.15%. The ex-dividend date of this dividend is Friday, May 23rd. This is a 6.7% increase from Flaherty & Crumrine Preferred Securities Income Fund’s previous dividend of $0.09.

Flaherty & Crumrine Preferred Securities Income Fund has decreased its dividend payment by an average of 11.4% annually over the last three years.

Flaherty & Crumrine Preferred Securities Income Fund Stock Up 0.6%

Shares of NYSE:FFC opened at $15.84 on Wednesday. The business’s 50 day moving average is $15.44 and its 200 day moving average is $15.72. Flaherty & Crumrine Preferred Securities Income Fund has a 12-month low of $14.20 and a 12-month high of $16.74.

Institutional Trading of Flaherty & Crumrine Preferred Securities Income Fund

A hedge fund recently raised its stake in Flaherty & Crumrine Preferred Securities Income Fund stock. Royal Bank of Canada increased its stake in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 4.5% during the first quarter, according to its most recent filing with the SEC. The fund owned 163,821 shares of the financial services provider’s stock after buying an additional 7,121 shares during the quarter. Royal Bank of Canada’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $2,609,000 at the end of the most recent quarter.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

Flaherty & Crumrine Preferred Securities Income Fund Inc is a closed-ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.