Flaherty & Crumrine Preferred Securities Income Fund Inc. (FFC) To Go Ex-Dividend on May 21st

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) declared a monthly dividend on Wednesday, April 15th. Shareholders of record on Thursday, May 21st will be paid a dividend of 0.1025 per share by the financial services provider on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend is Thursday, May 21st. This is a 2.0% increase from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.10.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

Shares of Flaherty & Crumrine Preferred Securities Income Fund stock opened at $15.77 on Tuesday. The firm has a 50-day moving average of $15.88 and a 200-day moving average of $16.37. Flaherty & Crumrine Preferred Securities Income Fund has a 52-week low of $14.98 and a 52-week high of $17.00.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) is a closed-end management investment company that seeks to provide investors with high current income as its primary investment objective. Launched in 1995, the fund pursues this goal by investing primarily in preferred securities, including U.S. and non-U.S. preferred stocks, trust preferred securities, and certain convertible and hybrid instruments. The fund’s diversified portfolio typically spans corporate, financial and utility sectors, with a focus on instruments that offer attractive dividend yields.

In constructing its portfolio, FFC may employ leverage to enhance income generation and diversify across credit qualities and maturities.