Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO) Plans Dividend Increase – $0.06 Per Share

Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO) announced a monthly dividend on Thursday, July 23rd. Investors of record on Monday, August 24th will be paid a dividend of 0.0567 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date is Monday, August 24th. This is a 2.0% increase from Flaherty & Crumrine Preferred and Income Fund’s previous monthly dividend of $0.06.

Flaherty & Crumrine Preferred and Income Fund Price Performance

NYSE PFO opened at $9.08 on Friday. The company has a fifty day simple moving average of $9.16 and a 200 day simple moving average of $9.30. Flaherty & Crumrine Preferred and Income Fund has a 12-month low of $8.85 and a 12-month high of $9.90.

About Flaherty & Crumrine Preferred and Income Fund

Flaherty & Crumrine Preferred and Income Fund (NYSE:PFO) is a closed-end management investment company designed to provide investors with a high level of current income. The fund focuses its portfolio primarily on preferred and participating securities, including traditional preferred shares, convertible preferred instruments, trust preferred issues and other hybrid securities issued by corporations and financial institutions.

Through broad diversification across industry sectors and geographies, PFO aims to manage credit and interest-rate risk while pursuing attractive yield opportunities.