Flaherty & Crumrine Preferred Income Fund Inc. (PFD) to Distribute Monthly Dividend of $0.07 on October 30th

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) declared a monthly dividend on Wednesday, July 22nd. Investors of record on Friday, October 23rd will be given a dividend of 0.0703 per share by the real estate investment trust on Friday, October 30th. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Friday, October 23rd.

Flaherty & Crumrine Preferred Income Fund Trading Down 0.7%

Shares of PFD stock traded down $0.09 during trading hours on Friday, hitting $11.30. 22,247 shares of the company were exchanged, compared to its average volume of 22,760. The firm has a fifty day moving average of $11.49 and a 200 day moving average of $11.60. Flaherty & Crumrine Preferred Income Fund has a 1 year low of $10.98 and a 1 year high of $12.16.

About Flaherty & Crumrine Preferred Income Fund

Flaherty & Crumrine Preferred Income Fund (NYSE: PFD) is a closed-end management investment company that seeks to provide shareholders with a high level of current income by investing primarily in preferred securities. The fund’s portfolio typically includes both U.S. and global preferred stocks, hybrid capital instruments and other fixed-income securities that pay fixed or adjustable dividends. It may also invest in investment-grade and below-investment-grade issues to capture yield opportunities across credit quality tiers.

Since its inception in 2006, PFD has aimed to deliver attractive after-tax total returns by actively managing interest-rate and credit-risk exposure.