Flaherty & Crumrine Pref. Income Fd Inc. (PFD) Plans Monthly Dividend of $0.08
Flaherty & Crumrine Pref. Income Fd Inc. (NYSE:PFD) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, October 24th will be given a dividend of 0.082 per share by the real estate investment trust on Tuesday, October 31st. This represents a $0.98 dividend on an annualized basis and a dividend yield of 6.46%. The ex-dividend date of this dividend is Monday, October 23rd.
Flaherty & Crumrine Pref. Income Fd has decreased its dividend payment by an average of 0.1% per year over the last three years.
Shares of Flaherty & Crumrine Pref. Income Fd (NYSE:PFD) traded up 0.07% during trading on Tuesday, hitting $15.24. 10,017 shares of the company traded hands. The firm has a 50 day moving average price of $14.89 and a 200-day moving average price of $15.15. Flaherty & Crumrine Pref. Income Fd has a one year low of $12.64 and a one year high of $15.93.
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About Flaherty & Crumrine Pref. Income Fd
Flaherty & Crumrine Preferred Income Fund Incorporated is a diversified, closed-end management investment company. The Fund’s investment objective is to provide its common shareholders with high current income consistent with the preservation of capital. It invests in a portfolio of preferred securities, which includes traditional preferred stocks and taxable preferred securities.
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