Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) Raises Dividend to $0.06 Per Share

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) declared a monthly dividend on Friday, April 19th, Wall Street Journal reports. Shareholders of record on Friday, June 21st will be given a dividend of 0.0583 per share by the real estate investment trust on Friday, June 28th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.71%. The ex-dividend date of this dividend is Friday, June 21st. 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 Performance

PFD opened at $10.43 on Thursday. Flaherty & Crumrine Preferred Income Fund has a fifty-two week low of $8.53 and a fifty-two week high of $10.70. The company’s 50-day moving average is $10.23 and its 200 day moving average is $10.21.

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.