Flaherty&Crumrine Prfrd Scts Incm Fd Inc (FFC) Stake Cut by National Planning Corp
National Planning Corp lowered its position in Flaherty&Crumrine Prfrd Scts Incm Fd Inc (NYSE:FFC) by 3.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,024 shares of the financial services provider’s stock after selling 2,146 shares during the period. National Planning Corp’s holdings in Flaherty&Crumrine Prfrd Sctsm Fd were worth $1,498,000 as of its most recent SEC filing.
Separately, Lee Financial Co acquired a new position in shares of Flaherty&Crumrine Prfrd Sctsm Fd during the second quarter worth about $167,000.
Flaherty&Crumrine Prfrd Scts Incm Fd Inc (FFC) opened at 20.64 on Friday. The firm’s 50-day moving average price is $21.46 and its 200-day moving average price is $20.81. Flaherty&Crumrine Prfrd Scts Incm Fd Inc has a 12 month low of $18.18 and a 12 month high of $22.44.
The firm also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 24th will be given a dividend of $0.119 per share. This represents a $1.43 annualized dividend and a yield of 6.92%. The ex-dividend date of this dividend is Tuesday, August 22nd.
Flaherty&Crumrine Prfrd Sctsm Fd Company Profile
Flaherty & Crumrine Preferred Securities 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, such as taxable preferred securities and preferred stocks.
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