Flaherty & Crumrine Preferred Income Fund Inc. Plans Monthly Dividend of $0.07 (NYSE:PFD)

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) declared a monthly dividend on Thursday, April 16th. Investors of record on Friday, July 24th will be paid a dividend of 0.0689 per share by the real estate investment trust on Friday, July 31st. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date is Friday, July 24th.

Flaherty & Crumrine Preferred Income Fund Stock Performance

Shares of NYSE PFD opened at $11.61 on Friday. Flaherty & Crumrine Preferred Income Fund has a 52-week low of $10.65 and a 52-week high of $12.16. The firm has a 50 day moving average price of $11.59 and a two-hundred day moving average price of $11.76.

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.