Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) Increases Dividend to $0.06 Per Share

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) announced a monthly dividend on Friday, October 17th. Shareholders of record on Thursday, November 20th will be given a dividend of 0.0647 per share by the real estate investment trust on Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Thursday, November 20th. This is a 3.0% increase from Flaherty & Crumrine Preferred Income Fund’s previous monthly dividend of $0.06.

Flaherty & Crumrine Preferred Income Fund Stock Performance

Shares of PFD opened at $11.75 on Tuesday. Flaherty & Crumrine Preferred Income Fund has a 1 year low of $10.22 and a 1 year high of $12.16. The stock’s fifty day moving average price is $11.91 and its two-hundred day moving average price is $11.50.

Flaherty & Crumrine Preferred Income Fund Company Profile

Flaherty & Crumrine Preferred Income Fund Inc is a closed ended equity mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity markets of the United States. It invests in the stocks of companies operating in the financials sector. The fund primarily invests in preferred securities.