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

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) declared a monthly dividend on Wednesday, July 22nd. Shareholders of record on Monday, August 24th will be given a dividend of 0.1046 per share by the financial services provider on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend is Monday, August 24th. This is a 2.0% increase from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.10.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

NYSE FFC opened at $16.07 on Friday. Flaherty & Crumrine Preferred Securities Income Fund has a 12 month low of $14.98 and a 12 month high of $17.00. The stock has a 50 day moving average of $16.02 and a 200-day moving average of $16.17.

Institutional Investors Weigh In On Flaherty & Crumrine Preferred Securities Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Whitener Capital Management Inc. increased its position in Flaherty & Crumrine Preferred Securities Income Fund by 3.2% during the second quarter. Whitener Capital Management Inc. now owns 25,585 shares of the financial services provider’s stock worth $417,000 after buying an additional 800 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Flaherty & Crumrine Preferred Securities Income Fund by 11.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 472,352 shares of the financial services provider’s stock valued at $7,690,000 after acquiring an additional 47,574 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in Flaherty & Crumrine Preferred Securities Income Fund during the second quarter worth $47,000. Noble Wealth Management PBC increased its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 77.8% in the second quarter. Noble Wealth Management PBC now owns 72,317 shares of the financial services provider’s stock valued at $1,177,000 after purchasing an additional 31,655 shares during the last quarter. Finally, Readystate Asset Management LP bought a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the first quarter valued at about $458,000.

About Flaherty & Crumrine Preferred Securities Income Fund

Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) is a closed-end management investment company that seeks to provide investors with high current income as its primary investment objective. Launched in 1995, the fund pursues this goal by investing primarily in preferred securities, including U.S. and non-U.S. preferred stocks, trust preferred securities, and certain convertible and hybrid instruments. The fund’s diversified portfolio typically spans corporate, financial and utility sectors, with a focus on instruments that offer attractive dividend yields.

In constructing its portfolio, FFC may employ leverage to enhance income generation and diversify across credit qualities and maturities.