Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (DFP) To Go Ex-Dividend on September 21st

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) announced a monthly dividend on Friday, July 21st, Wall Street Journal reports. Shareholders of record on Friday, September 22nd will be paid a dividend of 0.104 per share on Friday, September 29th. This represents a $1.25 dividend on an annualized basis and a yield of 7.34%. The ex-dividend date is Thursday, September 21st.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

DFP stock opened at $17.01 on Tuesday. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 1-year low of $15.87 and a 1-year high of $21.64. The business has a 50 day simple moving average of $17.67 and a two-hundred day simple moving average of $17.65.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. lifted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 9.9% in the 2nd quarter. Osaic Holdings Inc. now owns 65,096 shares of the company’s stock valued at $1,134,000 after acquiring an additional 5,885 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 17.2% during the second quarter. Kestra Advisory Services LLC now owns 15,454 shares of the company’s stock worth $269,000 after buying an additional 2,271 shares during the period. US Bancorp DE bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the second quarter valued at $33,000. Envestnet Asset Management Inc. purchased a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the second quarter valued at $443,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 15.1% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 11,277 shares of the company’s stock worth $205,000 after acquiring an additional 1,481 shares during the last quarter.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc is a closed ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.