Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Raises Dividend to $0.10 Per Share

by · The Cerbat Gem

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC – Get Free Report) announced a monthly dividend on Wednesday, July 22nd. Stockholders of record on Monday, August 24th will be paid a dividend of 0.1046 per share by the financial services provider on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Monday, August 24th. This is a 2.0% increase from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.10.

Flaherty & Crumrine Preferred Securities Income Fund Stock Down 1.1%

Shares of Flaherty & Crumrine Preferred Securities Income Fund stock opened at $16.07 on Friday. The business has a 50-day simple moving average of $16.02 and a 200 day simple moving average of $16.17. Flaherty & Crumrine Preferred Securities Income Fund has a one year low of $14.98 and a one year high of $17.00.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

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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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