Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO) Declares Monthly Dividend of $0.06

by · The Markets Daily

Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO – Get Free Report) declared a monthly dividend on Thursday, July 23rd. Shareholders of record on Friday, October 23rd will be paid a dividend of 0.0567 per share on Friday, October 30th. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Friday, October 23rd.

Flaherty & Crumrine Preferred and Income Fund Stock Performance

Shares of NYSE PFO opened at $9.08 on Friday. The firm has a 50 day moving average price of $9.16 and a two-hundred day moving average price of $9.30. Flaherty & Crumrine Preferred and Income Fund has a 52-week low of $8.85 and a 52-week high of $9.90.

Flaherty & Crumrine Preferred and Income Fund Company Profile

(Get Free Report)

Flaherty & Crumrine Preferred and Income Fund (NYSE:PFO) is a closed-end management investment company designed to provide investors with a high level of current income. The fund focuses its portfolio primarily on preferred and participating securities, including traditional preferred shares, convertible preferred instruments, trust preferred issues and other hybrid securities issued by corporations and financial institutions.

Through broad diversification across industry sectors and geographies, PFO aims to manage credit and interest-rate risk while pursuing attractive yield opportunities.

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