News stories about Flaherty&Crumrine Prfrd Scts Incm Fd (NYSE:FFC) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Flaherty&Crumrine Prfrd Scts Incm Fd earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.9814706650825 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Flaherty&Crumrine Prfrd Scts Incm Fd traded down $0.03, hitting $19.05, during midday trading on Monday, MarketBeat reports. The company’s stock had a trading volume of 1,191 shares, compared to its average volume of 138,345. Flaherty&Crumrine Prfrd Scts Incm Fd has a fifty-two week low of $18.28 and a fifty-two week high of $21.56.
The firm also recently declared a monthly dividend, which will be paid on Wednesday, October 31st. Investors of record on Wednesday, October 24th will be issued a $0.114 dividend. The ex-dividend date of this dividend is Tuesday, October 23rd. This represents a $1.37 annualized dividend and a yield of 7.18%.
Flaherty&Crumrine Prfrd Scts Incm Fd Company Profile
Flaherty & Crumrine Preferred Securities Income Fund Incorporated is a diversified, closed-end management investment company. The Fund’s investment objective is to provide its common shareholders with high current income consistent with the preservation of capital. It invests in a portfolio of preferred securities, such as taxable preferred securities and preferred stocks.
Further Reading: Closed-End Mutual Funds (CEFs)
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