Flaherty & Crumrine Pref. Income Fd Inc. (NYSE:PFD) announced a monthly dividend on Tuesday, January 9th, Wall Street Journal reports. Stockholders of record on Wednesday, January 24th will be paid a dividend of 0.082 per share by the real estate investment trust on Wednesday, January 31st. This represents a $0.98 annualized dividend and a dividend yield of 6.84%. The ex-dividend date of this dividend is Tuesday, January 23rd.
Flaherty & Crumrine Pref. Income Fd has decreased its dividend by an average of 1.7% per year over the last three years.
Shares of Flaherty & Crumrine Pref. Income Fd (NYSE:PFD) traded down $0.22 during trading hours on Wednesday, reaching $14.38. 63,000 shares of the company traded hands, compared to its average volume of 34,000. Flaherty & Crumrine Pref. Income Fd has a 52-week low of $13.83 and a 52-week high of $16.34.
Flaherty & Crumrine Pref. Income Fd Company Profile
Flaherty & Crumrine Preferred Income Fund Incorporated is a diversified, closed-end management investment company. The Fund’s investment objective is to provide its common shareholders with high current income consistent with the preservation of capital. It invests in a portfolio of preferred securities, which includes traditional preferred stocks and taxable preferred securities.
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