Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) to Issue Monthly Dividend of $0.09

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) announced a monthly dividend on Thursday, October 17th,Wall Street Journal reports. Shareholders of record on Thursday, November 21st will be given a dividend of 0.092 per share by the financial services provider on Friday, November 29th. This represents a $1.10 annualized dividend and a yield of 7.00%. The ex-dividend date is Thursday, November 21st. This is an increase from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.09.

Flaherty & Crumrine Preferred Securities Income Fund has decreased its dividend by an average of 10.2% per year over the last three years.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

FFC opened at $15.77 on Tuesday. The business has a 50-day moving average of $16.24 and a two-hundred day moving average of $15.33. Flaherty & Crumrine Preferred Securities Income Fund has a 12 month low of $13.35 and a 12 month high of $16.74.

About Flaherty & Crumrine Preferred Securities Income Fund

Flaherty & Crumrine Preferred Securities Income Fund Inc is a closed-ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.