Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) Declares Dividend Increase – $0.06 Per Share

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) declared a monthly dividend on Wednesday, January 22nd,NASDAQ Dividends reports. Stockholders of record on Friday, February 21st will be paid a dividend of 0.061 per share by the real estate investment trust on Friday, February 28th. This represents a $0.73 annualized dividend and a dividend yield of 6.47%. The ex-dividend date is Friday, February 21st. This is an increase from Flaherty & Crumrine Preferred Income Fund’s previous monthly dividend of $0.03.

Flaherty & Crumrine Preferred Income Fund has decreased its dividend by an average of 11.9% annually over the last three years.

Flaherty & Crumrine Preferred Income Fund Stock Performance

NYSE PFD traded down $0.01 on Thursday, hitting $11.31. The stock had a trading volume of 18,650 shares, compared to its average volume of 16,882. The firm has a 50-day moving average of $11.31 and a 200-day moving average of $11.36. Flaherty & Crumrine Preferred Income Fund has a 52-week low of $9.80 and a 52-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.