Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) to Issue $0.11 Monthly Dividend

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) announced a monthly dividend on Monday, April 22nd, Wall Street Journal reports. Shareholders of record on Friday, June 21st will be given a dividend of 0.1107 per share on Friday, June 28th. This represents a $1.33 annualized dividend and a yield of 7.40%. The ex-dividend date of this dividend is Friday, June 21st.

Flaherty & Crumrine Dynamic Preferred and Income Fund has decreased its dividend by an average of 8.3% annually over the last three years and has increased its dividend every year for the last 1 years.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Down 0.4 %

Flaherty & Crumrine Dynamic Preferred and Income Fund stock opened at $17.94 on Monday. The stock’s 50 day simple moving average is $18.68 and its two-hundred day simple moving average is $17.83. Flaherty & Crumrine Dynamic Preferred and Income Fund has a fifty-two week low of $15.45 and a fifty-two week high of $19.31.

Institutional Trading of Flaherty & Crumrine Dynamic Preferred and Income Fund

Several large investors have recently bought and sold shares of the company. Invesco Ltd. boosted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 3.2% during the 3rd quarter. Invesco Ltd. now owns 264,211 shares of the company’s stock valued at $4,431,000 after acquiring an additional 8,112 shares in the last quarter. LPL Financial LLC boosted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.9% in the 2nd quarter. LPL Financial LLC now owns 220,516 shares of the company’s stock worth $4,739,000 after purchasing an additional 4,105 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 69.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 206,733 shares of the company’s stock worth $3,473,000 after purchasing an additional 84,730 shares in the last quarter. Osaic Holdings Inc. boosted its position 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 worth $1,134,000 after purchasing an additional 5,885 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 62,356 shares of the company’s stock worth $1,132,000 after purchasing an additional 795 shares in the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

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.