Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO – Get Free Report) declared a monthly dividend on Wednesday, April 15th. Investors of record on Thursday, May 21st will be paid a dividend of 0.0556 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date is Thursday, May 21st. This is a 1.8% increase from Flaherty & Crumrine Preferred and Income Fund’s previous monthly dividend of $0.05.
Flaherty & Crumrine Preferred and Income Fund Stock Performance
NYSE PFO opened at $9.06 on Tuesday. Flaherty & Crumrine Preferred and Income Fund has a twelve month low of $8.01 and a twelve month high of $9.90. The stock’s 50 day moving average is $9.19 and its 200 day moving average is $9.42.
About Flaherty & Crumrine Preferred and Income Fund
Flaherty & Crumrine Preferred and Income Fund (NYSE:PFO) is a closed-end management investment company designed to provide investors with a high level of current income. The fund focuses its portfolio primarily on preferred and participating securities, including traditional preferred shares, convertible preferred instruments, trust preferred issues and other hybrid securities issued by corporations and financial institutions.
Through broad diversification across industry sectors and geographies, PFO aims to manage credit and interest-rate risk while pursuing attractive yield opportunities.
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