Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) to Issue $0.11 Monthly Dividend

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) declared a monthly dividend on Monday, April 22nd, Wall Street Journal reports. Investors of record on Wednesday, July 24th will be given a dividend of 0.1107 per share on Wednesday, July 31st. This represents a $1.33 dividend on an annualized basis and a yield of 7.38%. The ex-dividend date is Wednesday, July 24th.

Flaherty & Crumrine Dynamic Preferred and Income Fund has decreased its dividend by an average of 8.3% per year over the last three years and has increased its dividend every year for the last 1 years.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Up 0.4 %

NYSE:DFP opened at $18.01 on Tuesday. The stock has a fifty day moving average price of $18.67 and a 200 day moving average price of $17.85. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 12-month low of $15.45 and a 12-month high of $19.31.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc is a closed ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.