Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (DFP) to Issue Monthly Dividend of $0.11 on September 30th

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) announced a monthly dividend on Monday, July 22nd, Wall Street Journal reports. Shareholders of record on Monday, September 23rd will be given a dividend of 0.1122 per share on Monday, September 30th. This represents a $1.35 annualized dividend and a yield of 6.29%. The ex-dividend date is Monday, September 23rd. This is a positive change from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous monthly dividend of $0.11.

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

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Down 0.2 %

NYSE DFP opened at $21.39 on Friday. The firm’s 50 day moving average is $20.08 and its 200-day moving average is $19.22. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 12-month low of $15.45 and a 12-month high of $21.57.

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.