Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Increases Dividend to $0.12 Per Share

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) declared a monthly dividend on Wednesday, January 22nd,NASDAQ Dividends reports. Stockholders of record on Friday, February 21st will be given a dividend of 0.1151 per share on Friday, February 28th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 6.74%. The ex-dividend date of this dividend is Friday, February 21st. This is a boost from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous monthly dividend of $0.03.

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

NYSE DFP traded up $0.10 during trading hours on Thursday, reaching $20.49. The company’s stock had a trading volume of 60,624 shares, compared to its average volume of 38,987. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 1 year low of $17.78 and a 1 year high of $21.73. The firm’s 50-day moving average price is $20.29 and its 200-day moving average price is $20.36.

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.