Flaherty & Crumrine Preferred Securities Income Fund Inc. (FFC) to Issue Dividend of $0.09 on May 30th

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFCGet Free Report) announced a dividend on Tuesday, May 20th, investing.com reports. Shareholders of record on Monday, May 26th will be given a dividend of 0.0939 per share by the financial services provider on Friday, May 30th. This represents a yield of 7.15%. The ex-dividend date is Friday, May 23rd. This is a 6.7% increase from Flaherty & Crumrine Preferred Securities Income Fund’s previous dividend of $0.09.

Flaherty & Crumrine Preferred Securities Income Fund has decreased its dividend by an average of 11.4% per year over the last three years.

Flaherty & Crumrine Preferred Securities Income Fund Stock Up 0.6%

Shares of FFC opened at $15.84 on Wednesday. The business’s 50 day moving average is $15.44 and its two-hundred day moving average is $15.72. Flaherty & Crumrine Preferred Securities Income Fund has a 52-week low of $14.20 and a 52-week high of $16.74.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Flaherty & Crumrine Preferred Securities Income Fund stock. Royal Bank of Canada grew its stake in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFCFree Report) by 4.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 163,821 shares of the financial services provider’s stock after purchasing an additional 7,121 shares during the quarter. Royal Bank of Canada’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $2,609,000 as of its most recent filing with the SEC.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

(Get Free Report)

Flaherty & Crumrine Preferred Securities 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 of the United States. It seeks to invest in securities of companies operating across diversified sectors.

Further Reading

Dividend History for Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC)

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