Flaherty & Crumrine Preferred and Income Fund Inc. (PFO) to Issue Monthly Dividend of $0.06 on July 31st

Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO) declared a monthly dividend on Wednesday, April 15th. Shareholders of record on Friday, July 24th will be given a dividend of 0.0556 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Friday, July 24th.

Flaherty & Crumrine Preferred and Income Fund Trading Up 0.1%

Shares of Flaherty & Crumrine Preferred and Income Fund stock opened at $9.18 on Wednesday. The firm has a 50-day simple moving average of $9.16 and a two-hundred day simple moving average of $9.31. Flaherty & Crumrine Preferred and Income Fund has a fifty-two week low of $8.85 and a fifty-two week high of $9.90.

Flaherty & Crumrine Preferred and Income Fund Company Profile

Flaherty & Crumrine Preferred and Income Fund (NYSE:PFO) is a closed-end management investment company designed to provide investors with a high level of current income. The fund focuses its portfolio primarily on preferred and participating securities, including traditional preferred shares, convertible preferred instruments, trust preferred issues and other hybrid securities issued by corporations and financial institutions.

Through broad diversification across industry sectors and geographies, PFO aims to manage credit and interest-rate risk while pursuing attractive yield opportunities.