Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Increases Dividend to $0.09 Per Share

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) declared a monthly dividend on Friday, April 19th, Wall Street Journal reports. Investors of record on Friday, June 21st will be given a dividend of 0.088 per share by the financial services provider on Friday, June 28th. This represents a $1.06 dividend on an annualized basis and a yield of 7.57%. The ex-dividend date is Friday, June 21st. This is a positive change from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.08.

Flaherty & Crumrine Preferred Securities Income Fund has decreased its dividend by an average of 3.6% annually over the last three years.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

NYSE FFC opened at $13.95 on Friday. The stock’s 50 day moving average is $14.49 and its 200 day moving average is $13.84. Flaherty & Crumrine Preferred Securities Income Fund has a 12 month low of $11.90 and a 12 month high of $14.96.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. FMR LLC purchased a new position in Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter worth approximately $39,000. ICA Group Wealth Management LLC bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the 4th quarter worth approximately $39,000. Comerica Bank bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter worth approximately $43,000. Harbour Investments Inc. increased its stake in Flaherty & Crumrine Preferred Securities Income Fund by 2,531.6% in the 4th quarter. Harbour Investments Inc. now owns 4,158 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Captrust Financial Advisors bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the 2nd quarter worth approximately $115,000.

About Flaherty & Crumrine Preferred Securities Income Fund

Flaherty & Crumrine Preferred Securities Income Fund Inc is a closed-ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.