Flaherty & Crumrine Preferred and Income Fund Inc. Declares Monthly Dividend of $0.05 (NYSE:PFO)

Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO) declared a monthly dividend on Friday, January 23rd. Stockholders of record on Tuesday, March 24th will be given a dividend of 0.0546 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Tuesday, March 24th.

Flaherty & Crumrine Preferred and Income Fund Stock Performance

Shares of PFO stock opened at $8.97 on Friday. Flaherty & Crumrine Preferred and Income Fund has a twelve month low of $8.01 and a twelve month high of $9.90. The business has a fifty day simple moving average of $9.51 and a 200 day simple moving average of $9.55.

Flaherty & Crumrine Preferred and Income Fund Company Profile

Flaherty & Crumrine Preferred and Income Fund (NYSE:PFO) is a closed-end management investment company designed to provide investors with a high level of current income. The fund focuses its portfolio primarily on preferred and participating securities, including traditional preferred shares, convertible preferred instruments, trust preferred issues and other hybrid securities issued by corporations and financial institutions.

Through broad diversification across industry sectors and geographies, PFO aims to manage credit and interest-rate risk while pursuing attractive yield opportunities.