Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE:DFP) Trading Up 0.4% – Here’s Why

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)’s stock price was up 0.4% during mid-day trading on Friday . The company traded as high as $20.46 and last traded at $20.38. Approximately 60,175 shares were traded during trading, an increase of 15% from the average daily volume of 52,324 shares. The stock had previously closed at $20.30.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

The stock has a 50-day moving average of $20.66 and a 200-day moving average of $21.07.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 24th will be given a dividend of $0.1295 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a c) dividend on an annualized basis and a yield of 7.6%.

Institutional Trading of Flaherty & Crumrine Dynamic Preferred and Income Fund

Large investors have recently made changes to their positions in the company. Triumph Capital Management acquired a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter worth approximately $92,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter worth approximately $97,000. AdvisorNet Financial Inc boosted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.0% during the 1st quarter. AdvisorNet Financial Inc now owns 5,272 shares of the company’s stock worth $106,000 after acquiring an additional 1,022 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter worth approximately $141,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter worth approximately $158,000.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE: DFP) is a closed-end management investment company that seeks to provide current income and total return primarily through investments in preferred securities. The fund pursues a dynamic approach, adjusting portfolio duration and credit exposure in response to changing market conditions in order to enhance yield and manage risk. Its flexible mandate also allows allocations to common stocks, convertible securities and select debt instruments when opportunistic.

DFP’s portfolio generally comprises U.S.