Flaherty & Crumrine Preferred Income Fund Inc. (PFD) To Go Ex-Dividend on February 20th

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) announced a monthly dividend on Friday, January 23rd. Shareholders of record on Friday, February 20th will be paid a dividend of 0.0672 per share by the real estate investment trust on Friday, February 27th. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date is Friday, February 20th.

Flaherty & Crumrine Preferred Income Fund Price Performance

PFD stock traded up $0.02 during midday trading on Wednesday, reaching $12.09. The company had a trading volume of 796 shares, compared to its average volume of 28,600. The firm has a 50-day moving average price of $11.88 and a 200-day moving average price of $11.80. Flaherty & Crumrine Preferred Income Fund has a 1 year low of $10.22 and a 1 year high of $12.16.

About Flaherty & Crumrine Preferred Income Fund

Flaherty & Crumrine Preferred Income Fund (NYSE: PFD) is a closed-end management investment company that seeks to provide shareholders with a high level of current income by investing primarily in preferred securities. The fund’s portfolio typically includes both U.S. and global preferred stocks, hybrid capital instruments and other fixed-income securities that pay fixed or adjustable dividends. It may also invest in investment-grade and below-investment-grade issues to capture yield opportunities across credit quality tiers.

Since its inception in 2006, PFD has aimed to deliver attractive after-tax total returns by actively managing interest-rate and credit-risk exposure.