Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD – Get Free Report) announced a dividend on Tuesday, May 20th, investing.com reports. Shareholders of record on Monday, May 26th will be paid a dividend of 0.0622 per share by the real estate investment trust on Friday, May 30th. This represents a dividend yield of 6.72%. The ex-dividend date is Friday, May 23rd. This is a 6.7% increase from Flaherty & Crumrine Preferred Income Fund’s previous dividend of $0.06.
Flaherty & Crumrine Preferred Income Fund has decreased its dividend payment by an average of 11.9% annually over the last three years.
Flaherty & Crumrine Preferred Income Fund Price Performance
Shares of NYSE:PFD opened at $11.14 on Wednesday. Flaherty & Crumrine Preferred Income Fund has a 1-year low of $10.10 and a 1-year high of $12.08. The business’s 50 day moving average is $10.97 and its 200-day moving average is $11.20.
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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