Shaker Financial Services LLC Purchases 56,988 Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. $DFP

Shaker Financial Services LLC increased its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 77.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 130,860 shares of the company’s stock after acquiring an additional 56,988 shares during the period. Shaker Financial Services LLC’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $2,687,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. AdvisorNet Financial Inc acquired a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the second quarter valued at approximately $87,000. Wolverine Asset Management LLC grew its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 499.1% in the 1st quarter. Wolverine Asset Management LLC now owns 5,158 shares of the company’s stock valued at $104,000 after buying an additional 4,297 shares during the last quarter. Abel Hall LLC acquired a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 2nd quarter valued at approximately $216,000. Baird Financial Group Inc. bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 1st quarter worth approximately $281,000. Finally, Catalina Capital Group LLC acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the 2nd quarter worth approximately $286,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Up 0.2%

NYSE:DFP opened at $21.73 on Monday. The firm’s fifty day moving average is $21.50 and its 200-day moving average is $20.76. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 52 week low of $18.20 and a 52 week high of $22.11.

Flaherty & Crumrine Dynamic Preferred and Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Thursday, November 20th will be given a dividend of $0.1223 per share. This is a positive change from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous monthly dividend of $0.12. The ex-dividend date of this dividend is Thursday, November 20th. This represents a c) annualized dividend and a dividend yield of 6.8%.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

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.