Flaherty & Crumrine Preferred Income Fund Inc. Declares Monthly Dividend of $0.07 (NYSE:PFD)

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) announced a monthly dividend on Thursday, April 16th. Investors of record on Tuesday, June 23rd will be paid a dividend of 0.0689 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Flaherty & Crumrine Preferred Income Fund Stock Performance

Shares of NYSE:PFD opened at $11.61 on Friday. Flaherty & Crumrine Preferred Income Fund has a 52 week low of $10.65 and a 52 week high of $12.16. The company has a 50-day moving average price of $11.59 and a 200 day moving average price of $11.76.

About Flaherty & Crumrine Preferred Income Fund

Flaherty & Crumrine Preferred Income Fund (NYSE: PFD) is a closed-end management investment company that seeks to provide shareholders with a high level of current income by investing primarily in preferred securities. The fund’s portfolio typically includes both U.S. and global preferred stocks, hybrid capital instruments and other fixed-income securities that pay fixed or adjustable dividends. It may also invest in investment-grade and below-investment-grade issues to capture yield opportunities across credit quality tiers.

Since its inception in 2006, PFD has aimed to deliver attractive after-tax total returns by actively managing interest-rate and credit-risk exposure.