Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD – Get Free Report) announced a monthly dividend on Monday, January 27th,Wall Street Journal reports. Stockholders of record on Wednesday, April 23rd will be given a dividend of 0.061 per share by the real estate investment trust on Wednesday, April 30th. This represents a $0.73 annualized dividend and a dividend yield of 6.51%. The ex-dividend date is Wednesday, April 23rd.
Flaherty & Crumrine Preferred Income Fund has decreased its dividend by an average of 11.9% per year over the last three years.
Flaherty & Crumrine Preferred Income Fund Price Performance
Shares of Flaherty & Crumrine Preferred Income Fund stock opened at $11.25 on Monday. The business has a 50-day moving average price of $11.31 and a 200 day moving average price of $11.38. Flaherty & Crumrine Preferred Income Fund has a fifty-two week low of $9.80 and a fifty-two week high of $12.08.
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.
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