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

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) announced a monthly dividend on Friday, January 19th, Wall Street Journal reports. Shareholders of record on Tuesday, April 23rd will be given a dividend of 0.1075 per share on Tuesday, April 30th. This represents a $1.29 dividend on an annualized basis and a yield of 7.19%. The ex-dividend date is Monday, April 22nd.

Flaherty & Crumrine Dynamic Preferred and Income Fund has decreased its dividend payment by an average of 8.3% annually over the last three years and has raised its dividend every year for the last 1 years.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Down 0.4 %

DFP stock opened at $17.94 on Friday. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 12-month low of $15.45 and a 12-month high of $19.31. The company has a 50 day moving average of $18.68 and a two-hundred day moving average of $17.81.

Institutional Investors Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC lifted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 4.7% in the 4th quarter. Kestra Advisory Services LLC now owns 14,763 shares of the company’s stock worth $262,000 after buying an additional 667 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 41,996 shares of the company’s stock valued at $745,000 after purchasing an additional 8,373 shares in the last quarter. Comerica Bank bought a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter valued at $42,000. Royal Bank of Canada raised its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 55.1% during the 3rd quarter. Royal Bank of Canada now owns 19,793 shares of the company’s stock valued at $332,000 after purchasing an additional 7,031 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 69.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 206,733 shares of the company’s stock valued at $3,473,000 after purchasing an additional 84,730 shares in the last quarter.

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.