Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO) Announces Monthly Dividend of $0.06

Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO) announced a monthly dividend on Thursday, July 23rd. Stockholders of record on Wednesday, September 23rd will be paid a dividend of 0.0567 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date is Wednesday, September 23rd.

Flaherty & Crumrine Preferred and Income Fund Trading Down 0.8%

PFO stock opened at $9.08 on Friday. Flaherty & Crumrine Preferred and Income Fund has a 12-month low of $8.85 and a 12-month high of $9.90. The business’s fifty day moving average price is $9.16 and its 200 day moving average price is $9.30.

Flaherty & Crumrine Preferred and Income Fund Company Profile

Flaherty & Crumrine Preferred and Income Fund (NYSE:PFO) is a closed-end management investment company designed to provide investors with a high level of current income. The fund focuses its portfolio primarily on preferred and participating securities, including traditional preferred shares, convertible preferred instruments, trust preferred issues and other hybrid securities issued by corporations and financial institutions.

Through broad diversification across industry sectors and geographies, PFO aims to manage credit and interest-rate risk while pursuing attractive yield opportunities.