Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Declares Monthly Dividend of $0.13

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) declared a monthly dividend on Thursday, October 22nd. Shareholders of record on Friday, November 20th will be given a dividend of $0.1314 per share on Monday, November 30th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date of this dividend is Friday, November 20th.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

Shares of DFP stock traded down $0.21 on Friday, hitting $18.40. The company had a trading volume of 10,092 shares, compared to its average volume of 58,626. Flaherty & Crumrine Dynamic Preferred and Income Fund has a twelve month low of $18.40 and a twelve month high of $22.05. The company has a 50-day moving average price of $19.63 and a 200-day moving average price of $20.31.

Institutional Investors Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. AdvisorNet Financial Inc boosted its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.0% during the first quarter. AdvisorNet Financial Inc now owns 5,272 shares of the company’s stock worth $106,000 after buying an additional 1,022 shares in the last quarter. Private Advisor Group LLC increased its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 2.8% in the first quarter. Private Advisor Group LLC now owns 39,931 shares of the company’s stock valued at $801,000 after buying an additional 1,069 shares in the last quarter. Triumph Capital Management increased its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 20.9% in the second quarter. Triumph Capital Management now owns 6,375 shares of the company’s stock valued at $132,000 after buying an additional 1,100 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.4% in the first quarter. Cetera Investment Advisers now owns 22,871 shares of the company’s stock worth $459,000 after acquiring an additional 1,382 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the second quarter worth about $36,000.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

Flaherty & Crumrine Dynamic Preferred and Income Fund, Inc is a closed-end investment fund listed on the New York Stock Exchange under the symbol DFP. The fund seeks to provide current income and total return by investing primarily in preferred securities and other income-producing investments.

The fund’s portfolio may include preferred stocks, hybrid securities, corporate debt and other fixed-income instruments issued by companies in sectors such as financial services, utilities and real estate.