Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO) Shares to Pay Monthly Dividend of $0.06

Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO) announced a monthly dividend on Thursday, October 22nd. Shareholders of record on Friday, November 20th will be given a dividend of $0.0567 per share on Monday, November 30th. This represents a $0.68 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend is Friday, November 20th.

Flaherty & Crumrine Preferred and Income Fund Stock Performance

Shares of Flaherty & Crumrine Preferred and Income Fund stock traded down $0.04 on Friday, hitting $8.44. 8,950 shares of the company’s stock traded hands, compared to its average volume of 29,207. The firm’s 50-day moving average price is $8.80 and its two-hundred day moving average price is $9.05. Flaherty & Crumrine Preferred and Income Fund has a one year low of $8.43 and a one year high of $9.80.

About Flaherty & Crumrine Preferred and Income Fund

Flaherty & Crumrine Preferred and Income Fund is a closed-end management investment company listed on the New York Stock Exchange under the symbol PFO. The fund seeks to provide investors with high current income and, as a secondary objective, capital appreciation.

The fund invests primarily in preferred securities and other income-producing investments. Its portfolio may include preferred stocks, hybrid securities, corporate debt and other fixed-income instruments issued by financial institutions, utilities and other companies.