Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) Declares Monthly Dividend of $0.06

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) announced a monthly dividend on Monday, April 22nd, Wall Street Journal reports. Stockholders of record on Wednesday, July 24th will be paid a dividend of 0.0583 per share by the real estate investment trust on Wednesday, July 31st. This represents a $0.70 annualized dividend and a dividend yield of 7.05%. The ex-dividend date is Wednesday, July 24th.

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

Flaherty & Crumrine Preferred Income Fund Trading Up 0.6 %

Shares of NYSE:PFD opened at $9.93 on Tuesday. Flaherty & Crumrine Preferred Income Fund has a one year low of $8.53 and a one year high of $10.92. The company has a 50 day moving average of $10.28 and a 200-day moving average of $9.91.

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.