Flaherty & Crumrine Preferred Securities Income Fund Inc. (FFC) To Go Ex-Dividend on April 23rd

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) announced a monthly dividend on Friday, January 23rd. Stockholders of record on Thursday, April 23rd will be paid a dividend of 0.1005 per share by the financial services provider on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend is Thursday, April 23rd.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

Shares of FFC traded up $0.07 during trading hours on Tuesday, reaching $16.28. 6,561 shares of the company’s stock traded hands, compared to its average volume of 112,735. The firm’s 50 day simple moving average is $16.10 and its 200-day simple moving average is $16.45. Flaherty & Crumrine Preferred Securities Income Fund has a 12 month low of $14.90 and a 12 month high of $17.00.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

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.