Flaherty & Crumrine Preferred Securities Income Fund Inc. (FFC) to Issue Monthly Dividend of $0.10 on February 27th

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) announced a monthly dividend on Friday, January 23rd. Shareholders of record on Friday, February 20th will be given a dividend of 0.1005 per share by the financial services provider on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Friday, February 20th.

Flaherty & Crumrine Preferred Securities Income Fund Trading Down 0.0%

Shares of FFC traded down $0.01 during mid-day trading on Wednesday, reaching $16.90. The company had a trading volume of 9,337 shares, compared to its average volume of 94,388. The company’s 50-day moving average is $16.63 and its 200-day moving average is $16.59. Flaherty & Crumrine Preferred Securities Income Fund has a twelve month low of $14.20 and a twelve month high of $17.00.

About Flaherty & Crumrine Preferred Securities Income Fund

Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) is a closed-end management investment company that seeks to provide investors with high current income as its primary investment objective. Launched in 1995, the fund pursues this goal by investing primarily in preferred securities, including U.S. and non-U.S. preferred stocks, trust preferred securities, and certain convertible and hybrid instruments. The fund’s diversified portfolio typically spans corporate, financial and utility sectors, with a focus on instruments that offer attractive dividend yields.

In constructing its portfolio, FFC may employ leverage to enhance income generation and diversify across credit qualities and maturities.