Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (DFP) to Issue Monthly Dividend of $0.13 on February 27th

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) declared a monthly dividend on Friday, January 23rd. Shareholders of record on Friday, February 20th will be paid a dividend of 0.127 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend is Friday, February 20th.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

Shares of DFP traded up $0.08 during mid-day trading on Wednesday, reaching $22.02. The stock had a trading volume of 11,167 shares, compared to its average volume of 52,965. The business has a fifty day moving average of $21.20 and a 200 day moving average of $21.29. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 12 month low of $18.20 and a 12 month high of $22.11.

Hedge Funds Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund

Several large investors have recently made changes to their positions in DFP. Allworth Financial LP grew its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 89.7% during the second quarter. Allworth Financial LP now owns 1,480 shares of the company’s stock worth $30,000 after purchasing an additional 700 shares in the last quarter. Triumph Capital Management bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the 3rd quarter worth approximately $92,000. Atlantic Union Bankshares Corp bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the 3rd quarter worth approximately $97,000. Farther Finance Advisors LLC grew its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 158.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,573 shares of the company’s stock valued at $142,000 after buying an additional 4,028 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter valued at approximately $141,000.

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.