Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD – Get Free Report) declared a monthly dividend on Thursday, April 16th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of 0.0689 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Tuesday, June 23rd.
Flaherty & Crumrine Preferred Income Fund Price Performance
Shares of PFD opened at $11.61 on Friday. The company’s 50-day moving average is $11.59 and its 200-day moving average is $11.76. Flaherty & Crumrine Preferred Income Fund has a fifty-two week low of $10.65 and a fifty-two week high of $12.16.
Flaherty & Crumrine Preferred Income Fund Company Profile
Flaherty & Crumrine Preferred Income Fund (NYSE: PFD) is a closed-end management investment company that seeks to provide shareholders with a high level of current income by investing primarily in preferred securities. The fund’s portfolio typically includes both U.S. and global preferred stocks, hybrid capital instruments and other fixed-income securities that pay fixed or adjustable dividends. It may also invest in investment-grade and below-investment-grade issues to capture yield opportunities across credit quality tiers.
Since its inception in 2006, PFD has aimed to deliver attractive after-tax total returns by actively managing interest-rate and credit-risk exposure.
Further Reading
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