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

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

Flaherty & Crumrine Preferred and Income Fund Stock Down 0.5%

Shares of NYSE:PFO traded down $0.04 during trading on Friday, hitting $9.03. 6,233 shares of the company traded hands, compared to its average volume of 29,170. The business’s fifty day moving average is $9.16 and its 200-day moving average is $9.30. Flaherty & Crumrine Preferred and Income Fund has a one year low of $8.85 and a one year high of $9.90.

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.