Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Shareholders to Collect $0.10 Monthly Dividend

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) announced a monthly dividend on Thursday, October 22nd. Investors of record on Friday, November 20th will be paid a dividend of $0.1046 per share by the financial services provider on Monday, November 30th. This represents a $1.26 annualized dividend and a yield of 8.8%. The ex-dividend date is Friday, November 20th.

Flaherty & Crumrine Preferred Securities Income Fund Trading Down 1.6%

NYSE:FFC traded down $0.23 during midday trading on Friday, reaching $14.25. The company had a trading volume of 30,682 shares, compared to its average volume of 123,360. The stock’s fifty day simple moving average is $15.35 and its 200-day simple moving average is $15.81. Flaherty & Crumrine Preferred Securities Income Fund has a 12-month low of $14.31 and a 12-month high of $16.95.

About Flaherty & Crumrine Preferred Securities Income Fund

Flaherty & Crumrine Preferred Securities Income Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol FFC. The fund seeks to provide investors with a high level of current income and, to a lesser extent, capital appreciation by investing primarily in preferred securities and other income-producing securities.

The fund’s portfolio may include preferred stocks, hybrid securities, corporate bonds and other fixed-income instruments issued by companies in sectors such as financial services, utilities, real estate investment trusts and industrials.