Flaherty & Crumrine Preferred Income Fund Inc. (PFD) To Go Ex-Dividend on May 22nd

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) declared a dividend on Wednesday, May 22nd, investing.com reports. Stockholders of record on Thursday, May 23rd will be given a dividend of 0.0583 per share by the real estate investment trust on Friday, May 31st. This represents a dividend yield of 6.74%. The ex-dividend date of this dividend is Wednesday, May 22nd. This is an increase from Flaherty & Crumrine Preferred Income Fund’s previous dividend of $0.06.

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

Flaherty & Crumrine Preferred Income Fund Stock Down 0.8 %

NYSE:PFD opened at $10.21 on Friday. Flaherty & Crumrine Preferred Income Fund has a fifty-two week low of $8.53 and a fifty-two week high of $10.70. The firm’s fifty day simple moving average is $10.28 and its 200-day simple moving average is $10.12.

About Flaherty & Crumrine Preferred Income Fund

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.