Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (DFP) to Issue Monthly Dividend of $0.13 on May 29th

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) announced a monthly dividend on Thursday, April 16th. Stockholders of record on Thursday, May 21st will be paid a dividend of 0.1295 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend is Thursday, May 21st. This is a 2.0% increase from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous monthly dividend of $0.13.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund stock opened at $21.09 on Friday. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 1 year low of $19.09 and a 1 year high of $22.11. The firm’s 50-day simple moving average is $21.01 and its 200-day simple moving average is $21.20.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE: DFP) is a closed-end management investment company that seeks to provide current income and total return primarily through investments in preferred securities. The fund pursues a dynamic approach, adjusting portfolio duration and credit exposure in response to changing market conditions in order to enhance yield and manage risk. Its flexible mandate also allows allocations to common stocks, convertible securities and select debt instruments when opportunistic.

DFP’s portfolio generally comprises U.S.