Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO) to Issue Dividend Increase – $0.05 Per Share

Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO) announced a monthly dividend on Friday, October 17th. Investors of record on Thursday, November 20th will be paid a dividend of 0.0525 per share on Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Thursday, November 20th. This is a 2.5% increase from Flaherty & Crumrine Preferred and Income Fund’s previous monthly dividend of $0.05.

Flaherty & Crumrine Preferred and Income Fund Stock Performance

Shares of NYSE PFO opened at $9.55 on Tuesday. Flaherty & Crumrine Preferred and Income Fund has a twelve month low of $8.01 and a twelve month high of $9.90. The company has a 50 day moving average of $9.69 and a 200 day moving average of $9.35.

About Flaherty & Crumrine Preferred and Income Fund

Flaherty & Crumrine Preferred Income Opportunity Fund Inc is a closed ended equity mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the financial services sector.