Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) Announces $0.06 Monthly Dividend

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) declared a monthly dividend on Friday, January 24th,Wall Street Journal reports. Stockholders of record on Wednesday, April 23rd will be paid a dividend of 0.061 per share by the real estate investment trust on Wednesday, April 30th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date is Wednesday, April 23rd.

Flaherty & Crumrine Preferred Income Fund has decreased its dividend payment by an average of 11.9% per year over the last three years.

Flaherty & Crumrine Preferred Income Fund Trading Up 0.2 %

PFD stock traded up $0.02 on Friday, reaching $11.25. 17,224 shares of the company were exchanged, compared to its average volume of 16,902. Flaherty & Crumrine Preferred Income Fund has a 12 month low of $9.80 and a 12 month high of $12.08. The stock’s fifty day moving average price is $11.31 and its 200 day moving average price is $11.36.

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.