Flaherty & Crumrine Preferred Securities Income Fund Inc. Announces Monthly Dividend of $0.10 (NYSE:FFC)

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) declared a monthly dividend on Wednesday, July 22nd. Stockholders of record on Wednesday, September 23rd will be given a dividend of 0.1046 per share by the financial services provider on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Wednesday, September 23rd.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

Shares of Flaherty & Crumrine Preferred Securities Income Fund stock opened at $16.07 on Friday. The company’s 50 day moving average is $16.02 and its 200 day moving average is $16.17. Flaherty & Crumrine Preferred Securities Income Fund has a twelve month low of $14.98 and a twelve month high of $17.00.

Hedge Funds Weigh In On Flaherty & Crumrine Preferred Securities Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of FFC. Sound Income Strategies LLC grew its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 61.5% in the fourth quarter. Sound Income Strategies LLC now owns 2,783 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 1,060 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the second quarter valued at $47,000. Larson Financial Group LLC bought a new position in Flaherty & Crumrine Preferred Securities Income Fund in the third quarter valued at about $93,000. Fifth Third Bancorp bought a new position in Flaherty & Crumrine Preferred Securities Income Fund in the first quarter valued at about $118,000. Finally, Advisory Services Network LLC purchased a new position in Flaherty & Crumrine Preferred Securities Income Fund in the third quarter worth about $120,000.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

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.