Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) Plans $0.06 Monthly Dividend

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) declared a monthly dividend on Friday, January 19th, Wall Street Journal reports. Shareholders of record on Tuesday, April 23rd will be paid a dividend of 0.0555 per share by the real estate investment trust on Tuesday, April 30th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.71%. The ex-dividend date is Monday, April 22nd.

Flaherty & Crumrine Preferred Income Fund has decreased its dividend by an average of 10.7% per year over the last three years and has raised its dividend every year for the last 1 years.

Flaherty & Crumrine Preferred Income Fund Trading Up 0.2 %

Shares of PFD opened at $9.93 on Friday. The company’s fifty day moving average is $10.29 and its two-hundred day moving average is $9.89. Flaherty & Crumrine Preferred Income Fund has a fifty-two week low of $8.53 and a fifty-two week high of $10.92.

Hedge Funds Weigh In On Flaherty & Crumrine Preferred Income Fund

A number of hedge funds have recently made changes to their positions in the stock. Comerica Bank boosted its holdings in shares of Flaherty & Crumrine Preferred Income Fund by 226.7% in the 4th quarter. Comerica Bank now owns 7,481 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 5,191 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Flaherty & Crumrine Preferred Income Fund by 8.0% during the 4th quarter. Royal Bank of Canada now owns 59,665 shares of the real estate investment trust’s stock valued at $589,000 after acquiring an additional 4,411 shares in the last quarter. UBS Group AG lifted its holdings in shares of Flaherty & Crumrine Preferred Income Fund by 30.5% during the 3rd quarter. UBS Group AG now owns 178,049 shares of the real estate investment trust’s stock valued at $1,626,000 after acquiring an additional 41,636 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Flaherty & Crumrine Preferred Income Fund by 52.8% during the 2nd quarter. Wells Fargo & Company MN now owns 25,115 shares of the real estate investment trust’s stock valued at $248,000 after acquiring an additional 8,675 shares in the last quarter. Finally, Centaurus Financial Inc. lifted its holdings in shares of Flaherty & Crumrine Preferred Income Fund by 15.8% during the 1st quarter. Centaurus Financial Inc. now owns 100,069 shares of the real estate investment trust’s stock valued at $1,062,000 after acquiring an additional 13,633 shares in the last quarter.

Flaherty & Crumrine Preferred Income Fund Company Profile

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.