Flaherty & Crumrine Preferred Securities Income Fund Inc. to Issue Monthly Dividend of $0.12 (NYSE:FFC)

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFCGet Rating) declared a monthly dividend on Monday, April 25th, Wall Street Journal reports. Stockholders of record on Thursday, June 23rd will be given a dividend of 0.119 per share by the financial services provider on Thursday, June 30th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 7.77%. The ex-dividend date is Wednesday, June 22nd.

Shares of FFC traded down $0.24 during mid-day trading on Monday, reaching $18.39. 212,839 shares of the company’s stock traded hands, compared to its average volume of 149,517. The stock’s 50-day moving average is $19.18 and its two-hundred day moving average is $20.74. Flaherty & Crumrine Preferred Securities Income Fund has a 12 month low of $18.15 and a 12 month high of $23.63.

Large investors have recently made changes to their positions in the stock. Invesco Ltd. grew its stake in Flaherty & Crumrine Preferred Securities Income Fund by 22.1% in the fourth quarter. Invesco Ltd. now owns 413,554 shares of the financial services provider’s stock worth $8,982,000 after purchasing an additional 74,854 shares in the last quarter. Penserra Capital Management LLC boosted its position in Flaherty & Crumrine Preferred Securities Income Fund by 1.4% during the 4th quarter. Penserra Capital Management LLC now owns 112,516 shares of the financial services provider’s stock valued at $2,443,000 after acquiring an additional 1,556 shares in the last quarter. UBS Group AG boosted its position in Flaherty & Crumrine Preferred Securities Income Fund by 10.5% during the 3rd quarter. UBS Group AG now owns 85,296 shares of the financial services provider’s stock valued at $1,900,000 after acquiring an additional 8,087 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in Flaherty & Crumrine Preferred Securities Income Fund by 3.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 42,592 shares of the financial services provider’s stock valued at $968,000 after acquiring an additional 1,410 shares in the last quarter. Finally, MML Investors Services LLC boosted its position in Flaherty & Crumrine Preferred Securities Income Fund by 5.1% during the 4th quarter. MML Investors Services LLC now owns 31,646 shares of the financial services provider’s stock valued at $687,000 after acquiring an additional 1,525 shares in the last quarter.

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

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

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