Flaherty & Crumrine Preferred Income Fund Inc. to Issue Monthly Dividend of $0.06 (NYSE:PFD)

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) declared a monthly dividend on Monday, April 22nd, Wall Street Journal reports. Shareholders of record on Wednesday, July 24th will be given a dividend of 0.0583 per share by the real estate investment trust on Wednesday, July 31st. This represents a $0.70 annualized dividend and a yield of 7.05%. The ex-dividend date is Wednesday, July 24th.

Flaherty & Crumrine Preferred Income Fund has decreased its dividend payment by an average of 10.7% per year over the last three years and has raised its dividend every year for the last 1 years.

Flaherty & Crumrine Preferred Income Fund Trading Up 0.6 %

Flaherty & Crumrine Preferred Income Fund stock opened at $9.93 on Tuesday. The firm’s 50 day moving average price is $10.28 and its two-hundred day moving average price is $9.91. Flaherty & Crumrine Preferred Income Fund has a twelve month low of $8.53 and a twelve month high of $10.92.

About Flaherty & Crumrine Preferred Income Fund

Flaherty & Crumrine Preferred Income Fund Inc is a closed ended equity mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity markets of the United States. It invests in the stocks of companies operating in the financials sector. The fund primarily invests in preferred securities.