Flaherty & Crumrine Preferred Income Fund Inc. (PFD) To Go Ex-Dividend on October 24th

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) announced a monthly dividend on Wednesday, July 23rd, Wall Street Journal reports. Shareholders of record on Friday, October 24th will be given a dividend of 0.0628 per share by the real estate investment trust on Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Friday, October 24th. This is a 3.0% increase from Flaherty & Crumrine Preferred Income Fund’s previous monthly dividend of $0.06.

Flaherty & Crumrine Preferred Income Fund Stock Performance

NYSE:PFD opened at $11.89 on Wednesday. Flaherty & Crumrine Preferred Income Fund has a 1 year low of $10.22 and a 1 year high of $12.16. The stock’s fifty day moving average price is $11.77 and its two-hundred day moving average price is $11.34.

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.