Flaherty & Crumrine Pref. Income Fd (PFD) Receiving Favorable Media Coverage, Report Shows
News coverage about Flaherty & Crumrine Pref. Income Fd (NYSE:PFD) has trended positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Flaherty & Crumrine Pref. Income Fd earned a daily sentiment score of 0.26 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 45.1686572303334 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Flaherty & Crumrine Pref. Income Fd (NYSE PFD) opened at 15.22 on Monday. Flaherty & Crumrine Pref. Income Fd has a 12-month low of $12.64 and a 12-month high of $15.93. The firm has a 50 day moving average price of $14.95 and a 200 day moving average price of $15.04.
The company also recently announced a monthly dividend, which was paid on Thursday, August 31st. Stockholders of record on Thursday, August 24th were paid a $0.082 dividend. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $0.98 annualized dividend and a dividend yield of 6.47%.
About Flaherty & Crumrine Pref. Income Fd
Flaherty & Crumrine Preferred Income Fund Incorporated is a diversified, closed-end management investment company. The Fund’s investment objective is to provide its common shareholders with high current income consistent with the preservation of capital. It invests in a portfolio of preferred securities, which includes traditional preferred stocks and taxable preferred securities.
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