Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Plans Monthly Dividend of $0.13

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) declared a monthly dividend on Wednesday, July 22nd. Investors of record on Monday, August 24th will be given a dividend of 0.1314 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Monday, August 24th. This is a 1.5% increase from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous monthly dividend of $0.13.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Down 1.4%

Flaherty & Crumrine Dynamic Preferred and Income Fund stock opened at $20.75 on Friday. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 1 year low of $19.56 and a 1 year high of $22.11. The firm’s 50 day moving average price is $20.55 and its 200-day moving average price is $20.90.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

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.