Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) to Issue $0.06 Monthly Dividend

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) announced a monthly dividend on Thursday, October 19th, NASDAQ reports. Stockholders of record on Wednesday, November 22nd will be paid a dividend of 0.055 per share by the real estate investment trust on Thursday, November 30th. This represents a $0.66 annualized dividend and a dividend yield of 6.80%. The ex-dividend date is Tuesday, November 21st.

Flaherty & Crumrine Preferred Income Fund has decreased its dividend payment by an average of 0.5% per year over the last three years.

Flaherty & Crumrine Preferred Income Fund Trading Down 0.1 %

PFD opened at $9.70 on Friday. The business’s fifty day moving average is $9.13 and its two-hundred day moving average is $9.61. Flaherty & Crumrine Preferred Income Fund has a one year low of $8.53 and a one year high of $12.97.

Hedge Funds Weigh In On Flaherty & Crumrine Preferred Income Fund

Several large investors have recently added to or reduced their stakes in PFD. UBS Group AG raised its position in shares of Flaherty & Crumrine Preferred Income Fund by 30.5% in the 3rd quarter. UBS Group AG now owns 178,049 shares of the real estate investment trust’s stock worth $1,626,000 after buying an additional 41,636 shares during the period. Centaurus Financial Inc. increased its holdings in Flaherty & Crumrine Preferred Income Fund by 15.8% in the first quarter. Centaurus Financial Inc. now owns 100,069 shares of the real estate investment trust’s stock valued at $1,062,000 after buying an additional 13,633 shares during the last quarter. Invesco Ltd. raised its position in shares of Flaherty & Crumrine Preferred Income Fund by 6.8% during the 1st quarter. Invesco Ltd. now owns 87,228 shares of the real estate investment trust’s stock valued at $1,209,000 after acquiring an additional 5,576 shares in the last quarter. Royal Bank of Canada boosted its stake in Flaherty & Crumrine Preferred Income Fund by 16.2% in the third quarter. Royal Bank of Canada now owns 60,580 shares of the real estate investment trust’s stock valued at $643,000 after acquiring an additional 8,431 shares during the period. Finally, Bank of America Corp DE grew its stake in Flaherty & Crumrine Preferred Income Fund by 35.8% during the 4th quarter. Bank of America Corp DE now owns 50,766 shares of the real estate investment trust’s stock worth $564,000 after buying an additional 13,387 shares during the last quarter.

Flaherty & Crumrine Preferred Income Fund Company Profile

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.