Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) Declares Monthly Dividend of $0.08

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFDGet Rating) announced a monthly dividend on Tuesday, January 25th, Wall Street Journal reports. Stockholders of record on Friday, April 22nd will be given a dividend of 0.0825 per share by the real estate investment trust on Friday, April 29th. This represents a $0.99 dividend on an annualized basis and a dividend yield of 7.58%. The ex-dividend date of this dividend is Thursday, April 21st.

Shares of Flaherty & Crumrine Preferred Income Fund stock opened at $13.06 on Tuesday. The business’s 50 day simple moving average is $14.04 and its 200 day simple moving average is $15.75. Flaherty & Crumrine Preferred Income Fund has a 52-week low of $13.01 and a 52-week high of $18.80.

A number of institutional investors have recently made changes to their positions in the stock. Morgan Stanley raised its position in Flaherty & Crumrine Preferred Income Fund by 8.3% in the 3rd quarter. Morgan Stanley now owns 181,522 shares of the real estate investment trust’s stock valued at $2,861,000 after buying an additional 13,930 shares during the last quarter. Invesco Ltd. bought a new position in Flaherty & Crumrine Preferred Income Fund in the fourth quarter valued at approximately $1,429,000. Royal Bank of Canada grew its stake in Flaherty & Crumrine Preferred Income Fund by 8.1% in the third quarter. Royal Bank of Canada now owns 50,462 shares of the real estate investment trust’s stock valued at $796,000 after purchasing an additional 3,773 shares in the last quarter. LPL Financial LLC grew its stake in Flaherty & Crumrine Preferred Income Fund by 18.9% in the fourth quarter. LPL Financial LLC now owns 43,561 shares of the real estate investment trust’s stock valued at $762,000 after purchasing an additional 6,927 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Flaherty & Crumrine Preferred Income Fund by 22.5% in the fourth quarter. Bank of America Corp DE now owns 26,884 shares of the real estate investment trust’s stock valued at $471,000 after purchasing an additional 4,933 shares in the last quarter.

Flaherty & Crumrine Preferred Income Fund Company Profile (Get Rating)

Flaherty & Crumrine Preferred Income Fund Inc is a closed ended equity mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity markets of the United States. It invests in the stocks of companies operating in the financials sector. The fund primarily invests in preferred securities.

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Dividend History for Flaherty & Crumrine Preferred Income Fund (NYSE:PFD)

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