Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) to Issue $0.13 Monthly Dividend

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) announced a monthly dividend on Friday, January 23rd. Investors of record on Thursday, April 23rd will be given a dividend of 0.127 per share on Thursday, April 30th. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date is Thursday, April 23rd.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Up 0.5%

Shares of NYSE:DFP opened at $21.18 on Tuesday. The company has a 50 day moving average of $21.00 and a 200-day moving average of $21.19. Flaherty & Crumrine Dynamic Preferred and Income Fund has a twelve month low of $19.09 and a twelve month high of $22.11.

Institutional Investors Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Samalin Investment Counsel LLC lifted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.3% in the third quarter. Samalin Investment Counsel LLC now owns 45,675 shares of the company’s stock worth $988,000 after purchasing an additional 604 shares during the period. Smith Asset Management Co. LLC increased its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.0% during the 3rd quarter. Smith Asset Management Co. LLC now owns 101,043 shares of the company’s stock valued at $2,187,000 after purchasing an additional 954 shares during the period. AdvisorNet Financial Inc raised its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.0% in the 1st quarter. AdvisorNet Financial Inc now owns 5,272 shares of the company’s stock worth $106,000 after buying an additional 1,022 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 3.0% in the second quarter. NewEdge Advisors LLC now owns 35,820 shares of the company’s stock valued at $735,000 after buying an additional 1,048 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.7% in the second quarter. Cetera Investment Advisers now owns 22,151 shares of the company’s stock valued at $455,000 after buying an additional 1,398 shares during the period.

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.