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

by · The Cerbat Gem

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC – Get Free Report) announced a monthly dividend on Wednesday, July 22nd. Shareholders of record on Wednesday, September 23rd will be given a dividend of 0.1046 per share by the financial services provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend is Wednesday, September 23rd.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

NYSE:FFC opened at $16.07 on Friday. Flaherty & Crumrine Preferred Securities Income Fund has a fifty-two week low of $14.98 and a fifty-two week high of $17.00. The firm has a 50-day simple moving average of $16.02 and a two-hundred day simple moving average of $16.17.

Institutional Investors Weigh In On Flaherty & Crumrine Preferred Securities Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bard Associates Inc. raised its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 42.7% in the 4th quarter. Bard Associates Inc. now owns 1,219,924 shares of the financial services provider’s stock worth $20,141,000 after acquiring an additional 365,085 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 85.0% in the 4th quarter. Stifel Financial Corp now owns 258,846 shares of the financial services provider’s stock worth $4,274,000 after purchasing an additional 118,912 shares in the last quarter. Beacon Pointe Advisors LLC purchased a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter worth $1,801,000. Invesco Ltd. lifted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 12.1% during the second quarter. Invesco Ltd. now owns 763,056 shares of the financial services provider’s stock valued at $12,430,000 after purchasing an additional 82,477 shares in the last quarter. Finally, Fiera Capital Corp lifted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 72.3% during the fourth quarter. Fiera Capital Corp now owns 170,617 shares of the financial services provider’s stock valued at $2,817,000 after purchasing an additional 71,584 shares in the last quarter.

About Flaherty & Crumrine Preferred Securities Income Fund

(Get Free Report)

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.

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