Flaherty & Crumrine Pref. Income Fd Inc. (NYSE:PFD) announced a monthly dividend on Friday, January 25th, Wall Street Journal reports. Stockholders of record on Tuesday, April 23rd will be given a dividend of 0.075 per share by the real estate investment trust on Tuesday, April 30th. This represents a $0.90 annualized dividend and a dividend yield of 6.56%. The ex-dividend date of this dividend is Monday, April 22nd.
Flaherty & Crumrine Pref. Income Fd has decreased its dividend by an average of 4.5% annually over the last three years.
PFD stock opened at $13.72 on Friday. Flaherty & Crumrine Pref. Income Fd has a 52-week low of $10.74 and a 52-week high of $14.26.
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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.
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