Flaherty & Crumrine Preferred and Income Fund Inc. (PFO) To Go Ex-Dividend on August 24th

Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO) declared a monthly dividend on Wednesday, July 22nd. Stockholders of record on Monday, August 24th will be given a dividend of 0.0567 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Monday, August 24th. This is a 2.0% increase from Flaherty & Crumrine Preferred and Income Fund’s previous monthly dividend of $0.06.

Flaherty & Crumrine Preferred and Income Fund Stock Performance

Shares of NYSE PFO traded down $0.04 during midday trading on Friday, hitting $9.03. 8,073 shares of the company’s stock were exchanged, compared to its average volume of 29,205. Flaherty & Crumrine Preferred and Income Fund has a 12 month low of $8.85 and a 12 month high of $9.90. The company’s 50 day moving average price is $9.16 and its 200 day moving average price is $9.30.

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.