Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) to Issue Dividend Increase – $0.09 Per Share

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) announced a monthly dividend on Thursday, October 17th,Wall Street Journal reports. Investors of record on Thursday, November 21st will be given a dividend of 0.092 per share by the financial services provider on Friday, November 29th. This represents a $1.10 dividend on an annualized basis and a yield of 7.00%. The ex-dividend date is Thursday, November 21st. This is a boost from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.09.

Flaherty & Crumrine Preferred Securities Income Fund has decreased its dividend payment by an average of 10.2% per year over the last three years.

Flaherty & Crumrine Preferred Securities Income Fund Trading Up 0.1 %

Shares of FFC opened at $15.77 on Tuesday. The business’s fifty day moving average price is $16.24 and its two-hundred day moving average price is $15.33. Flaherty & Crumrine Preferred Securities Income Fund has a 52 week low of $13.35 and a 52 week high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

Flaherty & Crumrine Preferred Securities Income Fund Inc is a closed-ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.