Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Raises Dividend to $0.13 Per Share

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) announced a monthly dividend on Thursday, April 16th. Shareholders of record on Thursday, May 21st will be paid a dividend of 0.1295 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend is Thursday, May 21st. This is a 2.0% increase from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous monthly dividend of $0.13.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Up 0.1%

Shares of DFP stock opened at $20.91 on Friday. The stock has a 50 day moving average of $21.03 and a two-hundred day moving average of $21.20. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 12 month low of $19.09 and a 12 month high of $22.11.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE: DFP) is a closed-end management investment company that seeks to provide current income and total return primarily through investments in preferred securities. The fund pursues a dynamic approach, adjusting portfolio duration and credit exposure in response to changing market conditions in order to enhance yield and manage risk. Its flexible mandate also allows allocations to common stocks, convertible securities and select debt instruments when opportunistic.

DFP’s portfolio generally comprises U.S.