Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) to Issue Monthly Dividend of $0.12

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) declared a monthly dividend on Monday, October 21st, Wall Street Journal reports. Shareholders of record on Thursday, November 21st will be given a dividend of 0.1151 per share on Friday, November 29th. This represents a $1.38 dividend on an annualized basis and a yield of 6.64%. The ex-dividend date is Thursday, November 21st. This is a positive change from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous monthly dividend of $0.11.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Down 0.5 %

Shares of NYSE DFP opened at $20.80 on Tuesday. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 12-month low of $15.45 and a 12-month high of $21.73. The business’s fifty day simple moving average is $20.81 and its 200-day simple moving average is $19.57.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc is a closed ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.