Flaherty & Crumrine Preferred Securities Income Fund Inc. (FFC) to Issue Monthly Dividend of $0.10 on November 30th

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) declared a monthly dividend on Thursday, October 22nd. Shareholders of record on Friday, November 20th will be paid a dividend of $0.1046 per share by the financial services provider on Monday, November 30th. This represents a $1.26 annualized dividend and a yield of 8.7%. The ex-dividend date is Friday, November 20th.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

NYSE FFC traded down $0.13 during trading hours on Friday, hitting $14.35. 202,369 shares of the company were exchanged, compared to its average volume of 124,241. The company has a 50 day moving average of $15.32 and a two-hundred day moving average of $15.80. Flaherty & Crumrine Preferred Securities Income Fund has a 52-week low of $14.26 and a 52-week high of $16.95.

Institutional Trading of Flaherty & Crumrine Preferred Securities Income Fund

A number of institutional investors have recently bought and sold shares of FFC. Hennion & Walsh Asset Management Inc. increased its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 11.2% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 472,352 shares of the financial services provider’s stock worth $7,690,000 after purchasing an additional 47,574 shares in the last quarter. Smith Asset Management Co. LLC lifted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 1.2% during the third quarter. Smith Asset Management Co. LLC now owns 75,792 shares of the financial services provider’s stock worth $1,132,000 after purchasing an additional 876 shares during the period. Noble Wealth Management PBC boosted 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 acquiring an additional 31,655 shares in the last quarter. Calamos Advisors LLC boosted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 13.5% in the 1st quarter. Calamos Advisors LLC now owns 38,260 shares of the financial services provider’s stock valued at $593,000 after purchasing an additional 4,555 shares in the last quarter. Finally, Sage Capital Advisors llc boosted its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 74.8% in the third quarter. Sage Capital Advisors llc now owns 35,308 shares of the financial services provider’s stock valued at $527,000 after buying an additional 15,105 shares in the last quarter.

About Flaherty & Crumrine Preferred Securities Income Fund

Flaherty & Crumrine Preferred Securities Income Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol FFC. The fund seeks to provide investors with a high level of current income and, to a lesser extent, capital appreciation by investing primarily in preferred securities and other income-producing securities.

The fund’s portfolio may include preferred stocks, hybrid securities, corporate bonds and other fixed-income instruments issued by companies in sectors such as financial services, utilities, real estate investment trusts and industrials.