Flaherty & Crumrine Preferred Income Fund Inc. (PFD) to Issue Monthly Dividend of $0.07 on July 31st

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) announced a monthly dividend on Thursday, April 16th. Stockholders of record on Friday, July 24th will be given a dividend of 0.0689 per share by the real estate investment trust on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date is Friday, July 24th.

Flaherty & Crumrine Preferred Income Fund Price Performance

Flaherty & Crumrine Preferred Income Fund stock opened at $11.65 on Friday. Flaherty & Crumrine Preferred Income Fund has a fifty-two week low of $10.65 and a fifty-two week high of $12.16. The stock has a 50-day simple moving average of $11.58 and a 200-day simple moving average of $11.76.

Flaherty & Crumrine Preferred Income Fund Company Profile

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.