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

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) declared a monthly dividend on Monday, July 22nd, Wall Street Journal reports. Investors of record on Monday, September 23rd will be given a dividend of 0.0594 per share by the real estate investment trust on Monday, September 30th. This represents a $0.71 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date of this dividend is Monday, September 23rd. This is a boost from Flaherty & Crumrine Preferred Income Fund’s previous monthly dividend of $0.06.

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

Flaherty & Crumrine Preferred Income Fund Price Performance

NYSE PFD opened at $11.94 on Friday. Flaherty & Crumrine Preferred Income Fund has a 12 month low of $8.53 and a 12 month high of $12.00. The stock’s 50 day moving average is $11.17 and its 200 day moving average is $10.63.

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.