Flaherty & Crumrine Preferred Income Fund Inc. (PFD) To Go Ex-Dividend on August 23rd

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) announced a monthly dividend on Friday, July 19th, NASDAQ reports. Shareholders of record on Friday, August 23rd will be given a dividend of 0.0594 per share by the real estate investment trust on Friday, August 30th. This represents a $0.71 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date of this dividend is Friday, August 23rd. This is an increase from Flaherty & Crumrine Preferred Income Fund’s previous monthly dividend of $0.06.

Flaherty & Crumrine Preferred Income Fund has decreased its dividend by an average of 10.7% per year over the last three years.

Flaherty & Crumrine Preferred Income Fund Stock Up 0.6 %

Shares of NYSE PFD traded up $0.07 during midday trading on Wednesday, reaching $11.09. The stock had a trading volume of 5,387 shares, compared to its average volume of 33,206. Flaherty & Crumrine Preferred Income Fund has a twelve month low of $8.53 and a twelve month high of $11.12. The company’s 50 day moving average price is $10.64 and its 200 day moving average price is $10.40.

About Flaherty & Crumrine Preferred Income Fund

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.