Flaherty & Crumrine Preferred Income Fund Inc. (PFD) To Go Ex-Dividend on March 23rd

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD – Get Rating) declared a monthly dividend on Monday, January 23rd, Wall Street Journal reports. Shareholders of record on Friday, March 24th will be paid a dividend of 0.059 per share by the real estate investment trust on Friday, March 31st. This represents a $0.71 annualized dividend and a yield of 5.74%. The ex-dividend date of this dividend is Thursday, March 23rd.

Flaherty & Crumrine Preferred Income Fund has decreased its dividend by an average of 1.7% per year over the last three years.

Flaherty & Crumrine Preferred Income Fund Trading Up 0.4 %

Shares of Flaherty & Crumrine Preferred Income Fund stock opened at $12.33 on Wednesday. Flaherty & Crumrine Preferred Income Fund has a 52 week low of $10.13 and a 52 week high of $16.62. The firm’s 50 day moving average is $11.53 and its two-hundred day moving average is $11.60.

Institutional Investors Weigh In On Flaherty & Crumrine Preferred Income Fund

Several hedge funds have recently modified their holdings of PFD. Captrust Financial Advisors acquired a new stake in shares of Flaherty & Crumrine Preferred Income Fund during the second quarter worth $55,000. NewEdge Advisors LLC acquired a new stake in shares of Flaherty & Crumrine Preferred Income Fund during the first quarter worth $150,000. Northern Trust Corp acquired a new stake in shares of Flaherty & Crumrine Preferred Income Fund during the first quarter worth $154,000. Cetera Advisor Networks LLC acquired a new stake in shares of Flaherty & Crumrine Preferred Income Fund during the first quarter worth $180,000. Finally, Bank of America Corp DE lifted its holdings in shares of Flaherty & Crumrine Preferred Income Fund by 7.6% during the first quarter. Bank of America Corp DE now owns 28,916 shares of the real estate investment trust’s stock worth $400,000 after purchasing an additional 2,032 shares during the period.

About Flaherty & Crumrine Preferred Income Fund

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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.