Flaherty & Crumrine Preferred Income Fund Inc. (PFD) To Go Ex-Dividend on January 23rd

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) announced a monthly dividend on Thursday, December 11th. Stockholders of record on Friday, January 23rd will be given a dividend of 0.0672 per share by the real estate investment trust on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Friday, January 23rd.

Flaherty & Crumrine Preferred Income Fund Price Performance

Shares of NYSE:PFD opened at $11.76 on Wednesday. The business’s 50 day simple moving average is $11.80 and its 200-day simple moving average is $11.72. Flaherty & Crumrine Preferred Income Fund has a 12 month low of $10.22 and a 12 month high of $12.16.

Institutional Trading of Flaherty & Crumrine Preferred Income Fund

Several large investors have recently bought and sold shares of the company. CIBC Bancorp USA Inc. acquired a new position in Flaherty & Crumrine Preferred Income Fund during the third quarter worth about $5,305,000. MGO One Seven LLC purchased a new position in shares of Flaherty & Crumrine Preferred Income Fund during the 3rd quarter worth approximately $2,023,000. Fiera Capital Corp acquired a new position in shares of Flaherty & Crumrine Preferred Income Fund during the 3rd quarter worth approximately $1,196,000. Calamos Advisors LLC purchased a new stake in Flaherty & Crumrine Preferred Income Fund in the 3rd quarter valued at approximately $629,000. Finally, Wolverine Asset Management LLC lifted its stake in Flaherty & Crumrine Preferred Income Fund by 197.2% in the 2nd quarter. Wolverine Asset Management LLC now owns 55,383 shares of the real estate investment trust’s stock valued at $626,000 after buying an additional 36,748 shares in the last quarter.

About Flaherty & Crumrine Preferred Income Fund

Flaherty & Crumrine Preferred Income Fund (NYSE: PFD) is a closed-end management investment company that seeks to provide shareholders with a high level of current income by investing primarily in preferred securities. The fund’s portfolio typically includes both U.S. and global preferred stocks, hybrid capital instruments and other fixed-income securities that pay fixed or adjustable dividends. It may also invest in investment-grade and below-investment-grade issues to capture yield opportunities across credit quality tiers.

Since its inception in 2006, PFD has aimed to deliver attractive after-tax total returns by actively managing interest-rate and credit-risk exposure.