Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) to Issue $0.08 Monthly Dividend

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) declared a monthly dividend on Friday, January 19th, Wall Street Journal reports. Investors of record on Tuesday, April 23rd will be paid a dividend of 0.0838 per share by the financial services provider on Tuesday, April 30th. This represents a $1.01 dividend on an annualized basis and a dividend yield of 7.21%. The ex-dividend date is Monday, April 22nd.

Flaherty & Crumrine Preferred Securities Income Fund has decreased its dividend payment by an average of 3.6% per year over the last three years.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

Shares of NYSE FFC opened at $13.95 on Friday. Flaherty & Crumrine Preferred Securities Income Fund has a 1 year low of $11.90 and a 1 year high of $14.96. The firm has a 50-day simple moving average of $14.49 and a two-hundred day simple moving average of $13.84.

Institutional Trading of Flaherty & Crumrine Preferred Securities Income Fund

Several institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 5.6% in the second quarter. Envestnet Asset Management Inc. now owns 14,017 shares of the financial services provider’s stock worth $193,000 after purchasing an additional 745 shares during the last quarter. Creative Planning lifted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 3.7% in the fourth quarter. Creative Planning now owns 21,622 shares of the financial services provider’s stock worth $325,000 after purchasing an additional 776 shares during the last quarter. MML Investors Services LLC lifted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 7.4% in the second quarter. MML Investors Services LLC now owns 11,424 shares of the financial services provider’s stock worth $157,000 after purchasing an additional 789 shares during the last quarter. Raymond James & Associates lifted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 3.6% in the fourth quarter. Raymond James & Associates now owns 24,006 shares of the financial services provider’s stock worth $361,000 after purchasing an additional 842 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 7.9% in the first quarter. Rockefeller Capital Management L.P. now owns 16,150 shares of the financial services provider’s stock worth $223,000 after purchasing an additional 1,178 shares during the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

Flaherty & Crumrine Preferred Securities 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 of the United States. It seeks to invest in securities of companies operating across diversified sectors.