Flaherty & Crumrine Preferred Income Fund Inc. (PFD) to Issue Monthly Dividend of $0.07 on October 30th

by · The Markets Daily

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD – Get Free Report) declared a monthly dividend on Wednesday, July 22nd. 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 $0.84 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date is Friday, October 23rd.

Flaherty & Crumrine Preferred Income Fund Trading Down 0.2%

NYSE:PFD opened at $10.50 on Wednesday. Flaherty & Crumrine Preferred Income Fund has a one year low of $10.43 and a one year high of $12.10. The firm’s fifty day moving average price is $10.98 and its two-hundred day moving average price is $11.30.

Flaherty & Crumrine Preferred Income Fund Company Profile

(Get Free Report)

Flaherty & Crumrine Preferred Income Fund (NYSE: PFD) is a closed-end investment fund managed by Flaherty & Crumrine Incorporated. The fund seeks to provide investors with high current income and, to a lesser extent, opportunities for capital appreciation.

The fund invests primarily in preferred securities issued by financial institutions, utilities, telecommunications companies and other corporations. Its portfolio may also include other income-producing securities, such as hybrid securities, corporate debt and convertible securities.

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