Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Declares Dividend Increase – $0.10 Per Share

by · The Cerbat Gem

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC – Get Free Report) announced a monthly dividend on Thursday, April 16th. Investors of record on Thursday, May 21st will be paid a dividend of 0.1025 per share by the financial services provider on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Thursday, May 21st. This is a 2.0% increase from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.10.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

Shares of NYSE:FFC opened at $16.06 on Friday. Flaherty & Crumrine Preferred Securities Income Fund has a 1 year low of $14.77 and a 1 year high of $17.00. The business’s 50 day simple moving average is $16.12 and its 200 day simple moving average is $16.46.

About Flaherty & Crumrine Preferred Securities Income Fund

(Get Free Report)

Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) is a closed-end management investment company that seeks to provide investors with high current income as its primary investment objective. Launched in 1995, the fund pursues this goal by investing primarily in preferred securities, including U.S. and non-U.S. preferred stocks, trust preferred securities, and certain convertible and hybrid instruments. The fund’s diversified portfolio typically spans corporate, financial and utility sectors, with a focus on instruments that offer attractive dividend yields.

In constructing its portfolio, FFC may employ leverage to enhance income generation and diversify across credit qualities and maturities.

See Also