Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD – Get Free Report) declared a monthly dividend on Monday, January 27th,Wall Street Journal reports. Shareholders of record on Wednesday, April 23rd will be paid 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 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 NYSE:PFD opened at $11.25 on Monday. Flaherty & Crumrine Preferred Income Fund has a 12 month low of $9.80 and a 12 month high of $12.08. The business’s 50 day simple moving average is $11.31 and its 200-day simple moving average is $11.38.
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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