Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. to Issue Monthly Dividend of $0.13 (NYSE:DFP)

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) announced a monthly dividend on Friday, January 23rd. Investors of record on Friday, February 20th will be given a dividend of 0.127 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend is Friday, February 20th.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Up 0.3%

Shares of NYSE:DFP opened at $21.94 on Wednesday. The firm’s 50 day simple moving average is $21.20 and its two-hundred day simple moving average is $21.29. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 1-year low of $18.20 and a 1-year high of $22.11.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AlphaCore Capital LLC raised its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 13.9% during the second quarter. AlphaCore Capital LLC now owns 39,483 shares of the company’s stock worth $811,000 after purchasing an additional 4,832 shares during the last quarter. Whipplewood Advisors LLC grew its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 2,791.8% during the second quarter. Whipplewood Advisors LLC now owns 93,985 shares of the company’s stock worth $1,930,000 after acquiring an additional 90,735 shares during the period. Guggenheim Capital LLC boosted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 10.8% in the 2nd quarter. Guggenheim Capital LLC now owns 345,568 shares of the company’s stock worth $7,095,000 after purchasing an additional 33,652 shares in the last quarter. Shaker Financial Services LLC grew its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 77.1% during the 2nd quarter. Shaker Financial Services LLC now owns 130,860 shares of the company’s stock worth $2,687,000 after purchasing an additional 56,988 shares during the period. Finally, Wolverine Asset Management LLC lifted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 464.1% in the 2nd quarter. Wolverine Asset Management LLC now owns 29,097 shares of the company’s stock valued at $597,000 after purchasing an additional 23,939 shares during the period.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

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.