Flaherty & Crumrine Preferred Income Fund Inc. (PFD) To Go Ex-Dividend on August 24th

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) declared a monthly dividend on Wednesday, July 22nd. Shareholders of record on Monday, August 24th will be paid a dividend of 0.0703 per share by the real estate investment trust on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Monday, August 24th. This is a 2.0% increase from Flaherty & Crumrine Preferred Income Fund’s previous monthly dividend of $0.07.

Flaherty & Crumrine Preferred Income Fund Stock Down 0.7%

Shares of NYSE:PFD traded down $0.09 on Friday, hitting $11.30. The stock had a trading volume of 22,709 shares, compared to its average volume of 22,781. The firm’s 50 day moving average price is $11.49 and its 200-day moving average price is $11.60. Flaherty & Crumrine Preferred Income Fund has a twelve month low of $10.98 and a twelve month high of $12.16.

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.