Flaherty & Crumrine Preferred Securities Income Fund Inc. (FFC) To Go Ex-Dividend on October 23rd

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) announced a monthly dividend on Wednesday, July 22nd. Shareholders of record on Friday, October 23rd will be given a dividend of 0.1046 per share by the financial services provider on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date is Friday, October 23rd.

Flaherty & Crumrine Preferred Securities Income Fund Stock Down 1.1%

Shares of Flaherty & Crumrine Preferred Securities Income Fund stock opened at $16.07 on Friday. The business’s fifty day simple moving average is $16.02 and its 200-day simple moving average is $16.17. Flaherty & Crumrine Preferred Securities Income Fund has a 52 week low of $14.98 and a 52 week high of $17.00.

Institutional Trading of Flaherty & Crumrine Preferred Securities Income Fund

Several institutional investors have recently added to or reduced their stakes in the stock. Fiera Capital Corp boosted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 72.3% during the fourth quarter. Fiera Capital Corp now owns 170,617 shares of the financial services provider’s stock worth $2,817,000 after buying an additional 71,584 shares during the period. Bard Associates Inc. increased its stake in Flaherty & Crumrine Preferred Securities Income Fund by 42.7% during the fourth quarter. Bard Associates Inc. now owns 1,219,924 shares of the financial services provider’s stock worth $20,141,000 after purchasing an additional 365,085 shares during the period. Smith Asset Management Co. LLC boosted its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 1.2% in the fourth quarter. Smith Asset Management Co. LLC now owns 73,885 shares of the financial services provider’s stock valued at $1,220,000 after purchasing an additional 908 shares during the period. Ceera Investments LLC grew its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 3.1% in the fourth quarter. Ceera Investments LLC now owns 32,240 shares of the financial services provider’s stock valued at $532,000 after purchasing an additional 960 shares in the last quarter. Finally, Csenge Advisory Group increased its stake in Flaherty & Crumrine Preferred Securities Income Fund by 0.8% during the 4th quarter. Csenge Advisory Group now owns 320,310 shares of the financial services provider’s stock worth $5,288,000 after buying an additional 2,593 shares during the period.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) is a closed-end management investment company that seeks to provide investors with high current income as its primary investment objective. Launched in 1995, the fund pursues this goal by investing primarily in preferred securities, including U.S. and non-U.S. preferred stocks, trust preferred securities, and certain convertible and hybrid instruments. The fund’s diversified portfolio typically spans corporate, financial and utility sectors, with a focus on instruments that offer attractive dividend yields.

In constructing its portfolio, FFC may employ leverage to enhance income generation and diversify across credit qualities and maturities.