Flaherty & Crumrine Preferred Income Fund Inc. Announces Monthly Dividend of $0.03 (NYSE:PFD)

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) announced a monthly dividend on Wednesday, December 11th,NASDAQ Dividends reports. Shareholders of record on Monday, December 23rd will be given a dividend of 0.03 per share by the real estate investment trust on Tuesday, December 31st. This represents a $0.36 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Monday, December 23rd.

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

Flaherty & Crumrine Preferred Income Fund Price Performance

Shares of PFD stock traded up $0.01 during mid-day trading on Thursday, reaching $11.55. The stock had a trading volume of 19,011 shares, compared to its average volume of 33,538. The stock’s 50-day moving average price is $11.59 and its two-hundred day moving average price is $11.17. Flaherty & Crumrine Preferred Income Fund has a 52-week low of $9.67 and a 52-week high of $12.08.

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.