Flaherty & Crumrine Preferred Securities Income Fund Inc. Plans Monthly Dividend of $0.10 (NYSE:FFC)

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

Flaherty & Crumrine Preferred Securities Income Fund Trading Down 1.1%

NYSE:FFC opened at $16.07 on Friday. Flaherty & Crumrine Preferred Securities Income Fund has a 52-week low of $14.98 and a 52-week high of $17.00. The business’s fifty day moving average is $16.02 and its 200 day moving average is $16.17.

About Flaherty & Crumrine Preferred Securities Income Fund

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.