Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Plans Monthly Dividend of $0.08

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) declared a monthly dividend on Thursday, October 19th, NASDAQ reports. Stockholders of record on Wednesday, November 22nd will be given a dividend of 0.0815 per share by the financial services provider on Thursday, November 30th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 7.16%. The ex-dividend date of this dividend is Tuesday, November 21st.

Flaherty & Crumrine Preferred Securities Income Fund has increased its dividend payment by an average of 0.6% per year over the last three years.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

NYSE:FFC opened at $13.65 on Monday. The firm has a 50 day simple moving average of $12.80 and a 200-day simple moving average of $13.29. Flaherty & Crumrine Preferred Securities Income Fund has a 1-year low of $11.90 and a 1-year high of $17.60.

Hedge Funds Weigh In On Flaherty & Crumrine Preferred Securities Income Fund

Institutional investors have recently modified their holdings of the company. FMR LLC purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the third quarter valued at approximately $39,000. ICA Group Wealth Management LLC purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter valued at approximately $39,000. Captrust Financial Advisors purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the second quarter valued at approximately $115,000. MML Investors Services LLC grew its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 7.4% in the second quarter. MML Investors Services LLC now owns 11,424 shares of the financial services provider’s stock valued at $157,000 after purchasing an additional 789 shares during the period. Finally, Evergreen Capital Management LLC purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter valued at approximately $162,000.

About Flaherty & Crumrine Preferred Securities Income Fund

Flaherty & Crumrine Preferred Securities 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 of the United States. It seeks to invest in securities of companies operating across diversified sectors.