Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Declares Dividend Increase – $0.11 Per Share

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) announced a dividend on Wednesday, May 22nd, investing.com reports. Investors of record on Thursday, May 23rd will be given a dividend of 0.1107 per share on Friday, May 31st. This represents a yield of 7.03%. The ex-dividend date is Wednesday, May 22nd. This is a positive change from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous dividend of $0.10.

Flaherty & Crumrine Dynamic Preferred and Income Fund has decreased its dividend payment by an average of 10.8% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

Flaherty & Crumrine Dynamic Preferred and Income Fund stock traded down $0.10 during trading on Wednesday, reaching $18.79. The company had a trading volume of 35,717 shares, compared to its average volume of 51,308. The firm’s 50-day simple moving average is $18.62 and its 200 day simple moving average is $18.24. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 1-year low of $15.45 and a 1-year high of $19.31.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

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.