Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Announces Monthly Dividend of $0.10

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) announced a monthly dividend on Friday, January 23rd. Investors of record on Friday, February 20th will be paid a dividend of 0.1005 per share by the financial services provider on Friday, February 27th. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend is Friday, February 20th.

Flaherty & Crumrine Preferred Securities Income Fund Stock Down 0.1%

FFC stock traded down $0.02 during trading on Wednesday, hitting $16.90. 9,337 shares of the company’s stock traded hands, compared to its average volume of 94,388. Flaherty & Crumrine Preferred Securities Income Fund has a 52 week low of $14.20 and a 52 week high of $17.00. The stock has a fifty day moving average price of $16.63 and a two-hundred day moving average price of $16.59.

About Flaherty & Crumrine Preferred Securities Income Fund

Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) is a closed-end management investment company that seeks to provide investors with high current income as its primary investment objective. Launched in 1995, the fund pursues this goal by investing primarily in preferred securities, including U.S. and non-U.S. preferred stocks, trust preferred securities, and certain convertible and hybrid instruments. The fund’s diversified portfolio typically spans corporate, financial and utility sectors, with a focus on instruments that offer attractive dividend yields.

In constructing its portfolio, FFC may employ leverage to enhance income generation and diversify across credit qualities and maturities.