Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (DFP) to Issue Monthly Dividend of $0.13 on February 27th

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) declared a monthly dividend on Friday, January 23rd. Stockholders of record on Friday, February 20th will be given a dividend of 0.127 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Friday, February 20th.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Up 0.2%

Shares of NYSE:DFP traded up $0.05 during trading on Wednesday, reaching $21.99. 3,045 shares of the stock were exchanged, compared to its average volume of 52,760. The firm’s 50-day moving average price is $21.20 and its 200 day moving average price is $21.29. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 12-month low of $18.20 and a 12-month high of $22.11.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE: DFP) is a closed-end management investment company that seeks to provide current income and total return primarily through investments in preferred securities. The fund pursues a dynamic approach, adjusting portfolio duration and credit exposure in response to changing market conditions in order to enhance yield and manage risk. Its flexible mandate also allows allocations to common stocks, convertible securities and select debt instruments when opportunistic.

DFP’s portfolio generally comprises U.S.