Thurston Springer Miller Herd & Titak Inc. Buys Shares of 7,704 Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

Thurston Springer Miller Herd & Titak Inc. purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 7,704 shares of the company’s stock, valued at approximately $154,000.

Other large investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 22.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,575 shares of the company’s stock worth $126,000 after purchasing an additional 1,197 shares during the period. Aviance Capital Partners LLC acquired a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the 3rd quarter worth approximately $203,000. Fiduciary Alliance LLC bought a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the fourth quarter valued at approximately $206,000. Concurrent Investment Advisors LLC increased its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.0% during the third quarter. Concurrent Investment Advisors LLC now owns 16,332 shares of the company’s stock valued at $351,000 after acquiring an additional 921 shares during the period. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the third quarter worth approximately $413,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Up 0.0 %

Shares of NYSE DFP opened at $20.34 on Friday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 1 year low of $17.78 and a 1 year high of $21.73. The stock has a fifty day moving average price of $20.30 and a two-hundred day moving average price of $20.32.

Flaherty & Crumrine Dynamic Preferred and Income Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be issued a dividend of $0.032 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Friday, January 24th.

Flaherty & Crumrine Dynamic Preferred and Income Fund Profile

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc is a closed ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.