Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO) Shareholders to Get $0.06 Monthly Dividend

Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO) declared a monthly dividend on Thursday, October 22nd. Stockholders of record on Friday, November 20th will be paid a dividend of $0.0567 per share on Monday, November 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Friday, November 20th.

Flaherty & Crumrine Preferred and Income Fund Price Performance

Shares of Flaherty & Crumrine Preferred and Income Fund stock traded down $0.04 during trading on Friday, hitting $8.44. 8,939 shares of the company’s stock traded hands, compared to its average volume of 29,202. The firm’s fifty day moving average price is $8.80 and its 200 day moving average price is $9.05. Flaherty & Crumrine Preferred and Income Fund has a twelve month low of $8.43 and a twelve month high of $9.80.

Flaherty & Crumrine Preferred and Income Fund Company Profile

Flaherty & Crumrine Preferred and Income Fund is a closed-end management investment company listed on the New York Stock Exchange under the symbol PFO. The fund seeks to provide investors with high current income and, as a secondary objective, capital appreciation.

The fund invests primarily in preferred securities and other income-producing investments. Its portfolio may include preferred stocks, hybrid securities, corporate debt and other fixed-income instruments issued by financial institutions, utilities and other companies.