MeadowBrook Investment Advisors LLC Purchases 550 Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

MeadowBrook Investment Advisors LLC increased its position in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 45.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,770 shares of the company’s stock after acquiring an additional 550 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $35,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Westside Investment Management Inc. bought a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter worth about $33,000. Golden State Wealth Management LLC bought a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter worth about $78,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter worth about $154,000. Aviance Capital Partners LLC bought a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the third quarter valued at about $203,000. Finally, Fiduciary Alliance LLC bought a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the fourth quarter valued at about $206,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

NYSE DFP opened at $20.50 on Wednesday. The company’s 50-day simple moving average is $20.31 and its 200 day simple moving average is $20.45. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a twelve month low of $17.78 and a twelve month high of $21.73.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be given a $0.1151 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $1.38 dividend on an annualized basis and a yield of 6.74%.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc is a closed ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.