Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) Declares $0.07 Monthly Dividend

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) declared a monthly dividend on Friday, January 23rd. Shareholders of record on Thursday, April 23rd will be paid a dividend of 0.0672 per share by the real estate investment trust on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Thursday, April 23rd.

Flaherty & Crumrine Preferred Income Fund Stock Performance

Shares of PFD opened at $11.63 on Tuesday. Flaherty & Crumrine Preferred Income Fund has a 1 year low of $10.65 and a 1 year high of $12.16. The stock’s 50-day moving average price is $11.57 and its two-hundred day moving average price is $11.75.

Flaherty & Crumrine Preferred Income Fund Company Profile

Flaherty & Crumrine Preferred Income Fund (NYSE: PFD) is a closed-end management investment company that seeks to provide shareholders with a high level of current income by investing primarily in preferred securities. The fund’s portfolio typically includes both U.S. and global preferred stocks, hybrid capital instruments and other fixed-income securities that pay fixed or adjustable dividends. It may also invest in investment-grade and below-investment-grade issues to capture yield opportunities across credit quality tiers.

Since its inception in 2006, PFD has aimed to deliver attractive after-tax total returns by actively managing interest-rate and credit-risk exposure.