Flaherty & Crumrine Preferred Securities Income Fund Inc. (FFC) to Issue Monthly Dividend of $0.10 on November 28th

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) announced a monthly dividend on Friday, October 17th. Investors of record on Thursday, November 20th will be given a dividend of 0.0977 per share by the financial services provider on Friday, November 28th. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date is Thursday, November 20th. This is a 2.0% increase from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.10.

Flaherty & Crumrine Preferred Securities Income Fund Trading Down 0.2%

FFC stock opened at $16.59 on Tuesday. Flaherty & Crumrine Preferred Securities Income Fund has a fifty-two week low of $14.20 and a fifty-two week high of $17.00. The business’s fifty day moving average price is $16.74 and its two-hundred day moving average price is $16.32.

Institutional Trading of Flaherty & Crumrine Preferred Securities Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of FFC. Integrated Capital Management Inc. grew its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 3.2% during the 3rd quarter. Integrated Capital Management Inc. now owns 19,178 shares of the financial services provider’s stock worth $324,000 after acquiring an additional 596 shares during the period. Jacobi Capital Management LLC increased its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 5.2% in the first quarter. Jacobi Capital Management LLC now owns 24,460 shares of the financial services provider’s stock worth $390,000 after purchasing an additional 1,200 shares in the last quarter. Smith Asset Management Co. LLC lifted its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 2.3% during the 3rd quarter. Smith Asset Management Co. LLC now owns 72,977 shares of the financial services provider’s stock valued at $1,233,000 after buying an additional 1,613 shares in the last quarter. Silver Oak Securities Incorporated lifted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 13.2% during the third quarter. Silver Oak Securities Incorporated now owns 14,088 shares of the financial services provider’s stock worth $238,000 after acquiring an additional 1,647 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the second quarter valued at $27,000.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

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.