Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP – Get Free Report) declared a monthly dividend on Wednesday, July 22nd. Stockholders of record on Monday, August 24th will be given a dividend of 0.1314 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend is Monday, August 24th. This is a 1.5% increase from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous monthly dividend of $0.13.
Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Down 1.4%
Shares of NYSE:DFP opened at $20.75 on Friday. Flaherty & Crumrine Dynamic Preferred and Income Fund has a fifty-two week low of $19.56 and a fifty-two week high of $22.11. The firm has a 50-day simple moving average of $20.55 and a 200 day simple moving average of $20.90.
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.
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