Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC – Get Free Report)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $16.06 and traded as high as $16.23. Flaherty & Crumrine Preferred Securities Income Fund shares last traded at $16.1030, with a volume of 114,617 shares changing hands.
Flaherty & Crumrine Preferred Securities Income Fund Price Performance
The company has a 50-day simple moving average of $16.06 and a 200 day simple moving average of $16.15.
Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 23rd will be paid a $0.1046 dividend. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Friday, October 23rd.
Institutional Trading of Flaherty & Crumrine Preferred Securities Income Fund
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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