Flaherty & Crumrine Pref. Income Fd Inc. (PFD) Plans Monthly Dividend of $0.08
Flaherty & Crumrine Pref. Income Fd Inc. (NYSE:PFD) declared a monthly dividend on Thursday, December 14th, Wall Street Journal reports. Stockholders of record on Thursday, December 21st will be paid a dividend of 0.082 per share by the real estate investment trust on Friday, December 29th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 6.30%. The ex-dividend date is Wednesday, December 20th.
Flaherty & Crumrine Pref. Income Fd has decreased its dividend payment by an average of 0.1% annually over the last three years.
Shares of Flaherty & Crumrine Pref. Income Fd (NYSE:PFD) traded up $0.21 on Thursday, hitting $15.63. 14,800 shares of the stock were exchanged, compared to its average volume of 24,231. Flaherty & Crumrine Pref. Income Fd has a twelve month low of $13.24 and a twelve month high of $16.34.
About Flaherty & Crumrine Pref. Income Fd
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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