Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) to Issue $0.12 Monthly Dividend

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) announced a monthly dividend on Monday, January 27th,Wall Street Journal reports. Shareholders of record on Wednesday, April 23rd will be paid a dividend of 0.1151 per share on Wednesday, April 30th. This represents a $1.38 dividend on an annualized basis and a yield of 6.77%. The ex-dividend date of this dividend is Wednesday, April 23rd.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

DFP opened at $20.41 on Monday. The company’s 50 day simple moving average is $20.29 and its 200-day simple moving average is $20.38. Flaherty & Crumrine Dynamic Preferred and Income Fund has a one year low of $17.78 and a one year high of $21.73.

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.