Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Plans Monthly Dividend of $0.10

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) announced a monthly dividend on Friday, January 23rd. Shareholders of record on Friday, February 20th will be paid a dividend of 0.1005 per share by the financial services provider on Friday, February 27th. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date is Friday, February 20th.

Flaherty & Crumrine Preferred Securities Income Fund Trading Up 0.1%

FFC opened at $16.89 on Wednesday. Flaherty & Crumrine Preferred Securities Income Fund has a twelve month low of $14.20 and a twelve month high of $17.00. The company’s 50-day moving average price is $16.63 and its two-hundred day moving average price is $16.59.

Institutional Trading of Flaherty & Crumrine Preferred Securities Income Fund

A number of large investors have recently bought and sold shares of FFC. Sound Income Strategies LLC lifted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 61.5% during the 4th quarter. Sound Income Strategies LLC now owns 2,783 shares of the financial services provider’s stock valued at $46,000 after buying an additional 1,060 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the 4th quarter valued at about $67,000. Mather Group LLC. bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter valued at about $79,000. Gridiron Partners LLC lifted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 229.1% during the third quarter. Gridiron Partners LLC now owns 486,870 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 338,939 shares during the last quarter. Finally, Larson Financial Group LLC bought a new position in Flaherty & Crumrine Preferred Securities Income Fund during the third quarter worth about $93,000.

About Flaherty & Crumrine Preferred Securities Income Fund

Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) is a closed-end management investment company that seeks to provide investors with high current income as its primary investment objective. Launched in 1995, the fund pursues this goal by investing primarily in preferred securities, including U.S. and non-U.S. preferred stocks, trust preferred securities, and certain convertible and hybrid instruments. The fund’s diversified portfolio typically spans corporate, financial and utility sectors, with a focus on instruments that offer attractive dividend yields.

In constructing its portfolio, FFC may employ leverage to enhance income generation and diversify across credit qualities and maturities.