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

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) announced a monthly dividend on Monday, July 22nd, Wall Street Journal reports. Shareholders of record on Monday, September 23rd will be given a dividend of 0.0594 per share by the real estate investment trust on Monday, September 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 5.97%. The ex-dividend date is Monday, September 23rd. This is a boost from Flaherty & Crumrine Preferred Income Fund’s previous monthly dividend of $0.06.

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

Flaherty & Crumrine Preferred Income Fund stock opened at $11.94 on Friday. The business has a 50-day simple moving average of $11.17 and a two-hundred day simple moving average of $10.63. Flaherty & Crumrine Preferred Income Fund has a 52-week low of $8.53 and a 52-week high of $12.00.

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.