Flaherty & Crumrine Preferred Income Fund Inc. (PFD) to Issue Monthly Dividend of $0.07 on February 27th

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) declared a monthly dividend on Friday, January 23rd. Stockholders of record on Friday, February 20th will be paid a dividend of 0.0672 per share by the real estate investment trust on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend is Friday, February 20th.

Flaherty & Crumrine Preferred Income Fund Trading Up 0.2%

Shares of PFD traded up $0.02 during mid-day trading on Wednesday, reaching $12.09. The stock had a trading volume of 4,108 shares, compared to its average volume of 28,686. Flaherty & Crumrine Preferred Income Fund has a 52-week low of $10.22 and a 52-week high of $12.16. The business’s fifty day moving average is $11.88 and its 200 day moving average is $11.80.

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.