Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (DFP) to Issue Monthly Dividend of $0.13 on June 30th

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) declared a monthly dividend on Wednesday, April 15th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of 0.1295 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Up 0.1%

NYSE DFP opened at $20.43 on Friday. The firm’s 50 day simple moving average is $20.66 and its 200 day simple moving average is $20.93. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 1 year low of $19.56 and a 1 year high of $22.11.

Hedge Funds Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. lifted its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 18.3% in the 3rd quarter. Raymond James Financial Inc. now owns 1,281,510 shares of the company’s stock valued at $27,732,000 after purchasing an additional 198,497 shares during the last quarter. Focus Partners Wealth bought a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter worth $3,093,000. Sit Investment Associates Inc. increased its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.3% during the fourth quarter. Sit Investment Associates Inc. now owns 445,325 shares of the company’s stock worth $9,258,000 after buying an additional 86,981 shares in the last quarter. 1607 Capital Partners LLC acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the third quarter worth $1,720,000. Finally, Fiera Capital Corp bought a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the 3rd quarter valued at $1,167,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE: DFP) is a closed-end management investment company that seeks to provide current income and total return primarily through investments in preferred securities. The fund pursues a dynamic approach, adjusting portfolio duration and credit exposure in response to changing market conditions in order to enhance yield and manage risk. Its flexible mandate also allows allocations to common stocks, convertible securities and select debt instruments when opportunistic.

DFP’s portfolio generally comprises U.S.