Flaherty & Crumrine Preferred and Income Fund Inc. Declares Monthly Dividend of $0.06 (NYSE:PFO)

Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO) announced a monthly dividend on Thursday, July 23rd. Shareholders of record on Wednesday, September 23rd will be paid a dividend of 0.0567 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date is Wednesday, September 23rd.

Flaherty & Crumrine Preferred and Income Fund Price Performance

Flaherty & Crumrine Preferred and Income Fund stock opened at $9.08 on Friday. The stock has a fifty day moving average of $9.16 and a two-hundred day moving average of $9.30. Flaherty & Crumrine Preferred and Income Fund has a fifty-two week low of $8.85 and a fifty-two week high of $9.90.

About Flaherty & Crumrine Preferred and Income Fund

Flaherty & Crumrine Preferred and Income Fund (NYSE:PFO) is a closed-end management investment company designed to provide investors with a high level of current income. The fund focuses its portfolio primarily on preferred and participating securities, including traditional preferred shares, convertible preferred instruments, trust preferred issues and other hybrid securities issued by corporations and financial institutions.

Through broad diversification across industry sectors and geographies, PFO aims to manage credit and interest-rate risk while pursuing attractive yield opportunities.