Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD – Get Free Report) declared a monthly dividend on Tuesday, July 23rd, Wall Street Journal reports. Shareholders of record on Thursday, October 24th will be paid a dividend of 0.0594 per share by the real estate investment trust on Thursday, October 31st. This represents a $0.71 annualized dividend and a dividend yield of 5.94%. The ex-dividend date of this dividend is Thursday, October 24th.
Flaherty & Crumrine Preferred Income Fund has decreased its dividend payment by an average of 10.7% per year over the last three years.
Flaherty & Crumrine Preferred Income Fund Stock Performance
PFD stock opened at $11.99 on Tuesday. Flaherty & Crumrine Preferred Income Fund has a 52-week low of $8.54 and a 52-week high of $12.08. The company’s 50 day simple moving average is $11.66 and its 200-day simple moving average is $10.84.
About Flaherty & Crumrine Preferred Income Fund
Flaherty & Crumrine Preferred Income Fund Inc is a closed ended equity mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity markets of the United States. It invests in the stocks of companies operating in the financials sector. The fund primarily invests in preferred securities.
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