Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) to Issue Monthly Dividend of $0.10

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

Flaherty & Crumrine Preferred Securities Income Fund Stock Down 1.1%

Shares of FFC stock opened at $16.07 on Friday. Flaherty & Crumrine Preferred Securities Income Fund has a 52 week low of $14.98 and a 52 week high of $17.00. The firm’s 50-day simple moving average is $16.02 and its two-hundred day simple moving average is $16.17.

Hedge Funds Weigh In On Flaherty & Crumrine Preferred Securities Income Fund

Several institutional investors have recently bought and sold shares of FFC. Sound Income Strategies LLC grew its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 61.5% during the fourth quarter. Sound Income Strategies LLC now owns 2,783 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 1,060 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the second quarter worth $47,000. Larson Financial Group LLC bought a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the third quarter valued at $93,000. Fifth Third Bancorp bought a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the first quarter valued at $118,000. Finally, Advisory Services Network LLC bought a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the third quarter valued at $120,000.

About Flaherty & Crumrine Preferred Securities Income Fund

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.