Hennion & Walsh Asset Management Inc. Boosts Stock Holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. $DFP

Hennion & Walsh Asset Management Inc. raised its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 29.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 158,315 shares of the company’s stock after purchasing an additional 36,304 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $3,291,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Triumph Capital Management purchased a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the 3rd quarter worth $92,000. Atlantic Union Bankshares Corp purchased a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the third quarter valued at about $97,000. Farther Finance Advisors LLC increased its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 158.3% during the third quarter. Farther Finance Advisors LLC now owns 6,573 shares of the company’s stock worth $142,000 after acquiring an additional 4,028 shares during the last quarter. Stance Capital LLC acquired a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the third quarter worth about $182,000. Finally, Level Four Advisory Services LLC purchased a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the 2nd quarter worth about $200,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Up 2.6%

NYSE DFP opened at $20.09 on Wednesday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 1-year low of $18.20 and a 1-year high of $22.11. The business’s 50-day simple moving average is $21.22 and its 200-day simple moving average is $21.30.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 23rd will be given a dividend of $0.127 per share. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Thursday, April 23rd.

Flaherty & Crumrine Dynamic Preferred and Income Fund Profile

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.