Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP – Get Free Report)’s share price passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $19.16 and traded as low as $19.08. Flaherty & Crumrine Dynamic Preferred and Income Fund shares last traded at $19.1150, with a volume of 56,287 shares trading hands.
Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Down 1.4%
The stock’s 50-day moving average price is $19.16 and its 200-day moving average price is $20.43.
Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be given a dividend of $0.1314 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $1.58 annualized dividend and a dividend yield of 8.2%.
Hedge Funds Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund
Institutional investors and hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC increased its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 9.6% in the third quarter. HighTower Advisors LLC now owns 11,556 shares of the company’s stock worth $218,000 after purchasing an additional 1,013 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter worth $87,000. Capital Investment Advisors LLC boosted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 13.6% in the 3rd quarter. Capital Investment Advisors LLC now owns 27,157 shares of the company’s stock worth $513,000 after purchasing an additional 3,241 shares in the last quarter. Capital Analysts LLC boosted its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.3% in the second quarter. Capital Analysts LLC now owns 36,343 shares of the company’s stock worth $751,000 after buying an additional 2,149 shares in the last quarter. Finally, Triumph Capital Management boosted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 20.9% in the 2nd quarter. Triumph Capital Management now owns 6,375 shares of the company’s stock valued at $132,000 after purchasing an additional 1,100 shares in the last quarter.
About Flaherty & Crumrine Dynamic Preferred and Income Fund
Flaherty & Crumrine Dynamic Preferred and Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol DFP. The fund seeks to provide investors with current income and, to a lesser extent, capital appreciation by investing primarily in preferred securities and other income-producing investments. The fund’s portfolio may include preferred stocks, hybrid securities, and debt instruments issued by companies in the financial services, utilities, telecommunications, industrial, and other sectors.
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