Flaherty & Crumrine Pref. Income Fd (PFD) Earns Daily News Impact Rating of 0.44
Media headlines about Flaherty & Crumrine Pref. Income Fd (NYSE:PFD) have been trending positive this week, Alpha One Sentiment Analysis reports. The research group, a division of Accern, identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Flaherty & Crumrine Pref. Income Fd earned a coverage optimism score of 0.44 on Alpha One’s scale. Alpha One also assigned news articles about the real estate investment trust an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the next several days.
Shares of Flaherty & Crumrine Pref. Income Fd (NYSE:PFD) traded up 0.97% on Friday, hitting $15.58. The stock had a trading volume of 19,188 shares. Flaherty & Crumrine Pref. Income Fd has a 1-year low of $12.64 and a 1-year high of $16.34. The firm has a market capitalization of $173.11 million and a price-to-earnings ratio of 19.02. The firm has a 50 day moving average of $15.33 and a 200-day moving average of $14.62.
The company also recently disclosed a monthly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 23rd will be given a dividend of $0.088 per share. The ex-dividend date of this dividend is Wednesday, June 21st. This represents a $1.06 annualized dividend and a yield of 6.78%.
Flaherty & Crumrine Pref. Income Fd Company Profile
Flaherty & Crumrine Preferred Income Fund Incorporated is a diversified, closed-end management investment company. The Fund’s investment objective is to provide its common shareholders with high current income consistent with the preservation of capital. It invests in a portfolio of preferred securities, which includes traditional preferred stocks and taxable preferred securities.
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