Raymond James Financial Inc. Makes New Investment in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

Raymond James Financial Inc. purchased a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 975,314 shares of the company’s stock, valued at approximately $19,448,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 15.7% during the third quarter. HighTower Advisors LLC now owns 29,542 shares of the company’s stock worth $635,000 after acquiring an additional 3,999 shares during the last quarter. Principal Securities Inc. boosted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 5.4% in the fourth quarter. Principal Securities Inc. now owns 34,478 shares of the company’s stock worth $687,000 after buying an additional 1,775 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the fourth quarter worth about $466,000. Whipplewood Advisors LLC purchased a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the fourth quarter worth about $2,801,000. Finally, Hennion & Walsh Asset Management Inc. boosted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 138.4% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 45,825 shares of the company’s stock worth $914,000 after buying an additional 26,601 shares during the period.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Up 0.3 %

Shares of NYSE DFP opened at $20.32 on Monday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 1-year low of $17.78 and a 1-year high of $21.73. The business has a 50-day moving average of $20.40 and a 200-day moving average of $20.57.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be given a $0.1151 dividend. This represents a $1.38 annualized dividend and a dividend yield of 6.80%. The ex-dividend date of this dividend is Wednesday, April 23rd.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

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.