Flaherty & Crumrine Pref. Income Fd Inc. (NYSE:PFD) Declares Monthly Dividend of $0.08
Flaherty & Crumrine Pref. Income Fd Inc. (NYSE:PFD) announced a monthly dividend on Friday, April 26th, Wall Street Journal reports. Shareholders of record on Wednesday, July 24th will be paid a dividend of 0.075 per share by the real estate investment trust on Wednesday, July 31st. This represents a $0.90 annualized dividend and a yield of 5.98%. The ex-dividend date of this dividend is Tuesday, July 23rd.
Flaherty & Crumrine Pref. Income Fd has decreased its dividend by an average of 4.5% annually over the last three years.
Shares of PFD opened at $15.04 on Monday. The firm’s fifty day moving average price is $14.67. Flaherty & Crumrine Pref. Income Fd has a twelve month low of $10.74 and a twelve month high of $15.15.
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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