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

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) declared a monthly dividend on Friday, January 23rd. Shareholders of record on Tuesday, March 24th will be given a dividend of 0.1005 per share by the financial services provider on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date is Tuesday, March 24th.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

Flaherty & Crumrine Preferred Securities Income Fund stock opened at $15.48 on Friday. The firm has a 50 day simple moving average of $16.49 and a 200-day simple moving average of $16.59. Flaherty & Crumrine Preferred Securities Income Fund has a 1-year low of $14.20 and a 1-year high of $17.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Sound Income Strategies LLC grew its position in Flaherty & Crumrine Preferred Securities Income Fund by 61.5% in the fourth quarter. Sound Income Strategies LLC now owns 2,783 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 1,060 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter valued at $67,000. Mather Group LLC. purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the third quarter valued at $79,000. Gridiron Partners LLC lifted its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 229.1% in the 3rd quarter. Gridiron Partners LLC now owns 486,870 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 338,939 shares during the last quarter. Finally, Larson Financial Group LLC acquired a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter valued at $93,000.

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.