Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO) to Issue Monthly Dividend of $0.05

Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO) announced a monthly dividend on Friday, January 23rd. Shareholders of record on Thursday, April 23rd will be paid a dividend of 0.0546 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 7.0%. The ex-dividend date is Thursday, April 23rd.

Flaherty & Crumrine Preferred and Income Fund Price Performance

PFO stock opened at $9.38 on Tuesday. The company’s 50-day moving average price is $9.32 and its two-hundred day moving average price is $9.48. Flaherty & Crumrine Preferred and Income Fund has a 12 month low of $8.01 and a 12 month high of $9.90.

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.