Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) to Issue Monthly Dividend of $0.09

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) declared a monthly dividend on Friday, April 19th, Wall Street Journal reports. Stockholders of record on Friday, June 21st will be paid a dividend of 0.088 per share by the financial services provider on Friday, June 28th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 7.57%. The ex-dividend date is Friday, June 21st. This is a boost from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.08.

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 Price Performance

Shares of FFC stock opened at $13.95 on Friday. The stock’s 50-day simple moving average is $14.49 and its 200-day simple moving average is $13.84. Flaherty & Crumrine Preferred Securities Income Fund has a fifty-two week low of $11.90 and a fifty-two week high of $14.96.

Institutional Trading of Flaherty & Crumrine Preferred Securities Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. ICA Group Wealth Management LLC acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the fourth quarter worth about $39,000. FMR LLC acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the third quarter worth about $39,000. Comerica Bank acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the third quarter worth about $43,000. Harbour Investments Inc. grew its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 2,531.6% during the fourth quarter. Harbour Investments Inc. now owns 4,158 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 4,000 shares during the period. Finally, Captrust Financial Advisors acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the second quarter worth about $115,000.

About Flaherty & Crumrine Preferred Securities Income Fund

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.