Flaherty & Crumrine Preferred Securities Income Fund Inc. (FFC) To Go Ex-Dividend on October 24th

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) announced a monthly dividend on Wednesday, July 23rd, Wall Street Journal reports. Investors of record on Friday, October 24th will be given a dividend of 0.0958 per share by the financial services provider on Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Friday, October 24th. This is a 4.1% increase from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.09.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

NYSE FFC opened at $16.76 on Wednesday. Flaherty & Crumrine Preferred Securities Income Fund has a twelve month low of $14.20 and a twelve month high of $17.00. The business’s fifty day moving average is $16.56 and its 200 day moving average is $16.07.

Institutional Investors Weigh In On Flaherty & Crumrine Preferred Securities Income Fund

Several hedge funds have recently modified their holdings of the company. Silver Oak Securities Incorporated boosted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 13.2% during the 3rd quarter. Silver Oak Securities Incorporated now owns 14,088 shares of the financial services provider’s stock valued at $238,000 after acquiring an additional 1,647 shares in the last quarter. Financial Consulate Inc. acquired a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter valued at $104,000. Mather Group LLC. bought a new position in Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter worth $79,000. Calamos Advisors LLC raised its position in Flaherty & Crumrine Preferred Securities Income Fund by 21.7% during the 3rd quarter. Calamos Advisors LLC now owns 25,506 shares of the financial services provider’s stock worth $431,000 after purchasing an additional 4,555 shares during the last quarter. Finally, Gridiron Partners LLC raised its position in Flaherty & Crumrine Preferred Securities Income Fund by 229.1% during the 3rd quarter. Gridiron Partners LLC now owns 486,870 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 338,939 shares during the last quarter.

About Flaherty & Crumrine Preferred Securities Income Fund

Flaherty & Crumrine Preferred Securities Income Fund Inc is a closed-ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.