Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Plans Monthly Dividend of $0.10

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) declared a monthly dividend on Thursday, October 22nd. Stockholders of record on Friday, November 20th will be paid a dividend of $0.1046 per share by the financial services provider on Monday, November 30th. This represents a $1.26 annualized dividend and a dividend yield of 8.8%. The ex-dividend date of this dividend is Friday, November 20th.

Flaherty & Crumrine Preferred Securities Income Fund Stock Down 1.3%

Shares of NYSE FFC traded down $0.18 during midday trading on Friday, reaching $14.30. The company’s stock had a trading volume of 52,221 shares, compared to its average volume of 123,397. The company has a 50 day moving average price of $15.35 and a 200 day moving average price of $15.81. Flaherty & Crumrine Preferred Securities Income Fund has a one year low of $14.26 and a one year high of $16.95.

Institutional Trading of Flaherty & Crumrine Preferred Securities Income Fund

Large investors have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the second quarter valued at about $47,000. Fifth Third Bancorp purchased a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the first quarter worth approximately $118,000. Kestra Advisory Services LLC increased its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 100.6% in the first quarter. Kestra Advisory Services LLC now owns 15,953 shares of the financial services provider’s stock worth $247,000 after acquiring an additional 8,002 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 19.6% in the first quarter. International Assets Investment Management LLC now owns 17,433 shares of the financial services provider’s stock worth $272,000 after acquiring an additional 2,855 shares in the last quarter. Finally, Maridea Wealth Management LLC acquired a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the first quarter valued at approximately $279,000.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

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.