Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) Declares $0.06 Monthly Dividend

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) declared a monthly dividend on Friday, January 24th,Wall Street Journal reports. Investors of record on Wednesday, April 23rd will be given a dividend of 0.061 per share by the real estate investment trust on Wednesday, April 30th. This represents a $0.73 dividend on an annualized basis and a yield of 6.51%. The ex-dividend date of this dividend is Wednesday, April 23rd.

Flaherty & Crumrine Preferred Income Fund has decreased its dividend payment by an average of 11.9% annually over the last three years.

Flaherty & Crumrine Preferred Income Fund Stock Performance

PFD stock traded up $0.02 during trading hours on Friday, hitting $11.25. The company’s stock had a trading volume of 17,224 shares, compared to its average volume of 16,902. The stock has a 50 day moving average price of $11.31 and a two-hundred day moving average price of $11.36. Flaherty & Crumrine Preferred Income Fund has a 12 month low of $9.80 and a 12 month high of $12.08.

About Flaherty & Crumrine Preferred Income Fund

Flaherty & Crumrine Preferred Income Fund Inc is a closed ended equity mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity markets of the United States. It invests in the stocks of companies operating in the financials sector. The fund primarily invests in preferred securities.