Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) to Issue Monthly Dividend of $0.09

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) declared a monthly dividend on Monday, July 22nd, Wall Street Journal reports. Stockholders of record on Monday, September 23rd will be given a dividend of 0.0897 per share by the financial services provider on Monday, September 30th. This represents a $1.08 annualized dividend and a dividend yield of 7.23%. The ex-dividend date is Monday, September 23rd. This is an increase from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.09.

Flaherty & Crumrine Preferred Securities Income Fund has decreased its dividend by an average of 10.2% annually over the last three years.

Flaherty & Crumrine Preferred Securities Income Fund Stock Up 0.6 %

NYSE FFC traded up $0.09 during trading hours on Monday, hitting $14.89. The company had a trading volume of 87,691 shares, compared to its average volume of 135,805. Flaherty & Crumrine Preferred Securities Income Fund has a 52 week low of $11.90 and a 52 week high of $15.18. The firm has a 50 day simple moving average of $14.65 and a 200 day simple moving average of $14.47.

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.