Flaherty & Crumrine Preferred Income Fund Inc. Declares Monthly Dividend of $0.07 (NYSE:PFD)

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) declared a monthly dividend on Friday, January 23rd. Shareholders of record on Friday, February 20th will be paid a dividend of 0.0672 per share by the real estate investment trust on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date is Friday, February 20th.

Flaherty & Crumrine Preferred Income Fund Price Performance

Shares of NYSE:PFD traded up $0.03 during trading on Wednesday, reaching $12.10. The company had a trading volume of 796 shares, compared to its average volume of 28,600. The company has a fifty day moving average of $11.88 and a two-hundred day moving average of $11.80. Flaherty & Crumrine Preferred Income Fund has a 12 month low of $10.22 and a 12 month high of $12.16.

Flaherty & Crumrine Preferred Income Fund Company Profile

Flaherty & Crumrine Preferred Income Fund (NYSE: PFD) is a closed-end management investment company that seeks to provide shareholders with a high level of current income by investing primarily in preferred securities. The fund’s portfolio typically includes both U.S. and global preferred stocks, hybrid capital instruments and other fixed-income securities that pay fixed or adjustable dividends. It may also invest in investment-grade and below-investment-grade issues to capture yield opportunities across credit quality tiers.

Since its inception in 2006, PFD has aimed to deliver attractive after-tax total returns by actively managing interest-rate and credit-risk exposure.