Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Declares Monthly Dividend of $0.11

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) announced a monthly dividend on Monday, July 22nd, Wall Street Journal reports. Shareholders of record on Monday, September 23rd will be paid a dividend of 0.1122 per share on Monday, September 30th. This represents a $1.35 annualized dividend and a yield of 6.29%. The ex-dividend date of this dividend is Monday, September 23rd. This is a boost from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous monthly dividend of $0.11.

Flaherty & Crumrine Dynamic Preferred and Income Fund has decreased its dividend payment by an average of 10.8% annually over the last three years.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

Shares of NYSE DFP opened at $21.40 on Friday. The business has a 50-day simple moving average of $20.08 and a two-hundred day simple moving average of $19.22. Flaherty & Crumrine Dynamic Preferred and Income Fund has a fifty-two week low of $15.45 and a fifty-two week high of $21.57.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

Flaherty & Crumrine Dynamic Preferred and 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 across the globe. It seeks to invest in stocks of companies operating across diversified sectors.