Flaherty & Crumrine Preferred Securities Income Fund Inc. (FFC) To Go Ex-Dividend on September 23rd

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) declared a monthly dividend on Wednesday, July 22nd. Shareholders of record on Wednesday, September 23rd will be paid a dividend of 0.1046 per share by the financial services provider on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date is Wednesday, September 23rd.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

Shares of NYSE FFC opened at $16.07 on Friday. The firm has a fifty day moving average price of $16.02 and a 200-day moving average price of $16.17. Flaherty & Crumrine Preferred Securities Income Fund has a 1 year low of $14.98 and a 1 year high of $17.00.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Fiera Capital Corp lifted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 72.3% in the fourth quarter. Fiera Capital Corp now owns 170,617 shares of the financial services provider’s stock worth $2,817,000 after buying an additional 71,584 shares in the last quarter. Bard Associates Inc. raised its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 42.7% during the 4th quarter. Bard Associates Inc. now owns 1,219,924 shares of the financial services provider’s stock worth $20,141,000 after acquiring an additional 365,085 shares in the last quarter. Smith Asset Management Co. LLC boosted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 1.2% during the 4th quarter. Smith Asset Management Co. LLC now owns 73,885 shares of the financial services provider’s stock valued at $1,220,000 after acquiring an additional 908 shares during the last quarter. Ceera Investments LLC grew its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 3.1% in the fourth quarter. Ceera Investments LLC now owns 32,240 shares of the financial services provider’s stock valued at $532,000 after purchasing an additional 960 shares in the last quarter. Finally, Csenge Advisory Group grew its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 0.8% in the fourth quarter. Csenge Advisory Group now owns 320,310 shares of the financial services provider’s stock valued at $5,288,000 after purchasing an additional 2,593 shares in the last quarter.

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.