Flaherty & Crumrine Preferred Income Fund Inc. Plans Monthly Dividend of $0.07 (NYSE:PFD)

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) announced a monthly dividend on Thursday, July 23rd. Investors of record on Friday, October 23rd will be given a dividend of 0.0703 per share by the real estate investment trust on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Friday, October 23rd.

Flaherty & Crumrine Preferred Income Fund Price Performance

NYSE:PFD opened at $11.39 on Friday. Flaherty & Crumrine Preferred Income Fund has a 12-month low of $10.98 and a 12-month high of $12.16. The firm has a 50-day moving average price of $11.49 and a 200 day moving average price of $11.60.

About Flaherty & Crumrine Preferred Income Fund

Flaherty & Crumrine Preferred Income Fund (NYSE: PFD) is a closed-end management investment company that seeks to provide shareholders with a high level of current income by investing primarily in preferred securities. The fund’s portfolio typically includes both U.S. and global preferred stocks, hybrid capital instruments and other fixed-income securities that pay fixed or adjustable dividends. It may also invest in investment-grade and below-investment-grade issues to capture yield opportunities across credit quality tiers.

Since its inception in 2006, PFD has aimed to deliver attractive after-tax total returns by actively managing interest-rate and credit-risk exposure.