Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (DFP) To Go Ex-Dividend on November 20th

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) declared a monthly dividend on Thursday, October 22nd. Investors of record on Friday, November 20th will be given a dividend of $0.1314 per share on Monday, November 30th. This represents a $1.58 dividend on an annualized basis and a yield of 8.6%. The ex-dividend date of this dividend is Friday, November 20th.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

DFP stock traded down $0.20 during midday trading on Friday, reaching $18.41. The company’s stock had a trading volume of 84,472 shares, compared to its average volume of 59,012. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 1 year low of $18.35 and a 1 year high of $22.05. The stock has a fifty day simple moving average of $19.58 and a two-hundred day simple moving average of $20.30.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Capital Investment Advisors LLC grew its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 13.6% in the 3rd quarter. Capital Investment Advisors LLC now owns 27,157 shares of the company’s stock worth $513,000 after acquiring an additional 3,241 shares in the last quarter. Capital Analysts LLC increased its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.3% during the second quarter. Capital Analysts LLC now owns 36,343 shares of the company’s stock worth $751,000 after acquiring an additional 2,149 shares during the period. Triumph Capital Management increased its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 20.9% during the second quarter. Triumph Capital Management now owns 6,375 shares of the company’s stock worth $132,000 after acquiring an additional 1,100 shares during the period. Wedbush Securities Inc. raised its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 397.0% during the second quarter. Wedbush Securities Inc. now owns 63,120 shares of the company’s stock valued at $1,013,000 after acquiring an additional 50,420 shares in the last quarter. Finally, Shaker Financial Services LLC bought a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the second quarter valued at approximately $427,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

Flaherty & Crumrine Dynamic Preferred and Income Fund, Inc is a closed-end investment fund listed on the New York Stock Exchange under the symbol DFP. The fund seeks to provide current income and total return by investing primarily in preferred securities and other income-producing investments.

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