Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) Declares $0.07 Monthly Dividend

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) declared a monthly dividend on Friday, January 23rd. Investors of record on Tuesday, March 24th will be given a dividend of 0.0672 per share by the real estate investment trust on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Tuesday, March 24th.

Flaherty & Crumrine Preferred Income Fund Price Performance

NYSE PFD opened at $11.22 on Friday. Flaherty & Crumrine Preferred Income Fund has a 52-week low of $10.22 and a 52-week high of $12.16. The business’s 50-day moving average price is $11.81 and its 200 day moving average price is $11.83.

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.