Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) to Issue $0.15 Monthly Dividend

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFPGet Rating) declared a monthly dividend on Tuesday, April 26th, Wall Street Journal reports. Shareholders of record on Friday, July 22nd will be given a dividend of 0.1505 per share on Friday, July 29th. This represents a $1.81 dividend on an annualized basis and a yield of 7.62%. The ex-dividend date is Thursday, July 21st.

Flaherty & Crumrine Dynamic Preferred and Income Fund has increased its dividend payment by an average of 0.4% per year over the last three years.

Shares of DFP traded down $0.47 during trading hours on Tuesday, reaching $23.70. 70,612 shares of the company’s stock traded hands, compared to its average volume of 70,937. The firm’s 50 day simple moving average is $25.43 and its 200-day simple moving average is $26.92. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 12 month low of $23.66 and a 12 month high of $30.98.

A number of large investors have recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 18.8% in the 4th quarter. Invesco Ltd. now owns 176,679 shares of the company’s stock worth $4,908,000 after buying an additional 27,980 shares during the last quarter. Morgan Stanley lifted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.1% in the third quarter. Morgan Stanley now owns 83,625 shares of the company’s stock valued at $2,408,000 after purchasing an additional 931 shares during the last quarter. Stifel Financial Corp lifted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 4.3% in the fourth quarter. Stifel Financial Corp now owns 42,068 shares of the company’s stock valued at $1,169,000 after purchasing an additional 1,727 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 90.3% during the third quarter. Royal Bank of Canada now owns 21,886 shares of the company’s stock valued at $630,000 after buying an additional 10,386 shares during the period. Finally, NewEdge Advisors LLC purchased a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter valued at approximately $246,000.

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

Flaherty & Crumrine Dynamic Preferred and 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 across the globe. It seeks to invest in stocks of companies operating across diversified sectors.

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Dividend History for Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE:DFP)

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