Flaherty & Crumrine Preferred Income Fund Inc. to Issue — Dividend of $0.06 (NYSE:PFD)

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) announced a — dividend on Monday, April 21st, Wall Street Journal reports. Stockholders of record on Monday, June 23rd will be paid a dividend of 0.0622 per share by the real estate investment trust on Monday, June 30th. This represents a dividend yield of 6.9%. The ex-dividend date of this dividend is Monday, June 23rd.

Flaherty & Crumrine Preferred Income Fund has decreased its dividend payment by an average of 11.9% annually over the last three years.

Flaherty & Crumrine Preferred Income Fund Stock Down 0.6 %

Flaherty & Crumrine Preferred Income Fund stock opened at $10.67 on Tuesday. Flaherty & Crumrine Preferred Income Fund has a fifty-two week low of $9.89 and a fifty-two week high of $12.08. The firm’s fifty day moving average price is $11.09 and its 200-day moving average price is $11.31.

Flaherty & Crumrine Preferred Income Fund Company Profile

Flaherty & Crumrine Preferred Income Fund Inc is a closed ended equity mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity markets of the United States. It invests in the stocks of companies operating in the financials sector. The fund primarily invests in preferred securities.