Flaherty & Crumrine Preferred Securities Income Fund Inc. (FFC) To Go Ex-Dividend on April 22nd

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) declared a monthly dividend on Friday, January 19th, Wall Street Journal reports. Shareholders of record on Tuesday, April 23rd will be given a dividend of 0.0838 per share by the financial services provider on Tuesday, April 30th. This represents a $1.01 dividend on an annualized basis and a dividend yield of 7.21%. The ex-dividend date of this dividend is Monday, April 22nd.

Flaherty & Crumrine Preferred Securities Income Fund has decreased its dividend by an average of 3.6% annually over the last three years.

Flaherty & Crumrine Preferred Securities Income Fund Trading Down 0.1 %

FFC stock opened at $13.95 on Friday. Flaherty & Crumrine Preferred Securities Income Fund has a fifty-two week low of $11.90 and a fifty-two week high of $14.96. The business’s 50 day moving average price is $14.49 and its two-hundred day moving average price is $13.84.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FFC. Raymond James & Associates grew its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 24.8% during the 1st quarter. Raymond James & Associates now owns 71,813 shares of the financial services provider’s stock worth $1,413,000 after acquiring an additional 14,249 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 3.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 43,548 shares of the financial services provider’s stock worth $857,000 after purchasing an additional 1,342 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 3.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 41,895 shares of the financial services provider’s stock worth $824,000 after purchasing an additional 1,368 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the 1st quarter worth approximately $232,000. Finally, Baird Financial Group Inc. boosted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 75.4% in the 1st quarter. Baird Financial Group Inc. now owns 24,529 shares of the financial services provider’s stock worth $483,000 after purchasing an additional 10,541 shares in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

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.