Flaherty & Crumrine Preferred Securities Income Fund Inc. (FFC) To Go Ex-Dividend on May 21st

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) declared a monthly dividend on Thursday, April 16th. Shareholders of record on Thursday, May 21st will be paid a dividend of 0.1025 per share by the financial services provider on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Thursday, May 21st. This is a 2.0% increase from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.10.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

Shares of FFC opened at $16.24 on Friday. Flaherty & Crumrine Preferred Securities Income Fund has a one year low of $14.77 and a one year high of $17.00. The stock’s fifty day moving average is $16.11 and its 200-day moving average is $16.46.

Hedge Funds Weigh In On Flaherty & Crumrine Preferred Securities Income Fund

Several large investors have recently bought and sold shares of FFC. Sound Income Strategies LLC lifted its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 61.5% in the 4th quarter. Sound Income Strategies LLC now owns 2,783 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 1,060 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the fourth quarter valued at approximately $67,000. Mather Group LLC. acquired a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the third quarter valued at approximately $79,000. Larson Financial Group LLC bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the third quarter worth approximately $93,000. Finally, Financial Consulate Inc. bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the third quarter worth approximately $104,000.

About Flaherty & Crumrine Preferred Securities Income Fund

Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) is a closed-end management investment company that seeks to provide investors with high current income as its primary investment objective. Launched in 1995, the fund pursues this goal by investing primarily in preferred securities, including U.S. and non-U.S. preferred stocks, trust preferred securities, and certain convertible and hybrid instruments. The fund’s diversified portfolio typically spans corporate, financial and utility sectors, with a focus on instruments that offer attractive dividend yields.

In constructing its portfolio, FFC may employ leverage to enhance income generation and diversify across credit qualities and maturities.