Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Plans Monthly Dividend of $0.12

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) announced a monthly dividend on Friday, January 24th,Wall Street Journal reports. Investors of record on Wednesday, April 23rd will be given a dividend of 0.1151 per share on Wednesday, April 30th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 6.77%. The ex-dividend date is Wednesday, April 23rd.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

DFP stock traded up $0.04 during midday trading on Friday, hitting $20.41. 25,003 shares of the company’s stock were exchanged, compared to its average volume of 38,060. Flaherty & Crumrine Dynamic Preferred and Income Fund has a one year low of $17.78 and a one year high of $21.73. The stock’s fifty day moving average price is $20.29 and its 200-day moving average price is $20.36.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

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.