Flaherty & Crumrine Preferred and Income Fund Inc. (PFO) to Issue Monthly Dividend of $0.06 on September 30th

Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO) declared a monthly dividend on Wednesday, July 22nd. Investors of record on Wednesday, September 23rd will be paid a dividend of 0.0567 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date is Wednesday, September 23rd.

Flaherty & Crumrine Preferred and Income Fund Stock Performance

PFO traded down $0.04 during trading on Friday, reaching $9.03. 8,073 shares of the company’s stock were exchanged, compared to its average volume of 29,205. Flaherty & Crumrine Preferred and Income Fund has a 1 year low of $8.85 and a 1 year high of $9.90. The company’s fifty day simple moving average is $9.16 and its 200-day simple moving average is $9.30.

About Flaherty & Crumrine Preferred and Income Fund

Flaherty & Crumrine Preferred and Income Fund (NYSE:PFO) is a closed-end management investment company designed to provide investors with a high level of current income. The fund focuses its portfolio primarily on preferred and participating securities, including traditional preferred shares, convertible preferred instruments, trust preferred issues and other hybrid securities issued by corporations and financial institutions.

Through broad diversification across industry sectors and geographies, PFO aims to manage credit and interest-rate risk while pursuing attractive yield opportunities.