Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC – Get Free Report) announced a monthly dividend on Wednesday, April 15th. Investors of record on Friday, July 24th will be paid a dividend of 0.1025 per share by the financial services provider on Friday, July 31st. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Friday, July 24th.
Flaherty & Crumrine Preferred Securities Income Fund Stock Up 0.8%
NYSE:FFC opened at $16.32 on Wednesday. Flaherty & Crumrine Preferred Securities Income Fund has a 12 month low of $14.98 and a 12 month high of $17.00. The company has a 50 day simple moving average of $16.02 and a two-hundred day simple moving average of $16.17.
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.
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