Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (DFP) to Issue Monthly Dividend of $0.13 on May 29th

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) declared a monthly dividend on Wednesday, April 15th. Stockholders of record on Thursday, May 21st will be given a dividend of 0.1295 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend is Thursday, May 21st. This is a 2.0% increase from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous monthly dividend of $0.13.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Down 0.3%

NYSE:DFP opened at $20.37 on Tuesday. Flaherty & Crumrine Dynamic Preferred and Income Fund has a fifty-two week low of $19.56 and a fifty-two week high of $22.11. The business’s 50-day simple moving average is $20.71 and its 200-day simple moving average is $21.10.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE: DFP) is a closed-end management investment company that seeks to provide current income and total return primarily through investments in preferred securities. The fund pursues a dynamic approach, adjusting portfolio duration and credit exposure in response to changing market conditions in order to enhance yield and manage risk. Its flexible mandate also allows allocations to common stocks, convertible securities and select debt instruments when opportunistic.

DFP’s portfolio generally comprises U.S.