Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) Announces $0.03 Monthly Dividend

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) announced a monthly dividend on Wednesday, December 11th,NASDAQ Dividends reports. Stockholders of record on Monday, December 23rd will be given a dividend of 0.03 per share by the real estate investment trust on Tuesday, December 31st. This represents a $0.36 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Monday, December 23rd.

Flaherty & Crumrine Preferred Income Fund has decreased its dividend by an average of 10.7% per year over the last three years.

Flaherty & Crumrine Preferred Income Fund Stock Performance

NYSE PFD traded up $0.01 during mid-day trading on Thursday, reaching $11.55. 19,011 shares of the stock were exchanged, compared to its average volume of 33,538. The business’s 50 day moving average is $11.59 and its 200-day moving average is $11.17. Flaherty & Crumrine Preferred Income Fund has a 1 year low of $9.67 and a 1 year high of $12.08.

Flaherty & Crumrine Preferred Income Fund Company Profile

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.