Flaherty & Crumrine Preferred Securities Income Fund Inc. Declares Monthly Dividend of $0.10 (NYSE:FFC)

by · The Cerbat Gem

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC – Get Free Report) declared a monthly dividend on Thursday, December 11th. Shareholders of record on Friday, January 23rd will be paid a dividend of 0.1005 per share by the financial services provider on Friday, January 30th. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date is Friday, January 23rd.

Flaherty & Crumrine Preferred Securities Income Fund Trading Down 0.4%

Shares of NYSE FFC traded down $0.07 during trading hours on Friday, hitting $16.67. The stock had a trading volume of 81,034 shares, compared to its average volume of 115,388. The firm’s 50-day moving average price is $16.67 and its two-hundred day moving average price is $16.43. Flaherty & Crumrine Preferred Securities Income Fund has a 52 week low of $14.20 and a 52 week high of $17.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FFC. Ameritas Advisory Services LLC bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the second quarter worth $27,000. MassMutual Private Wealth & Trust FSB bought a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 2nd quarter worth about $58,000. Mather Group LLC. acquired a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter valued at about $79,000. Gridiron Partners LLC boosted its position in Flaherty & Crumrine Preferred Securities Income Fund by 229.1% during the third quarter. Gridiron Partners LLC now owns 486,870 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 338,939 shares during the period. Finally, Maryland Capital Advisors Inc. bought a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the second quarter valued at approximately $91,000.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

(Get Free Report)

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.

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