Golden State Wealth Management LLC Invests $78,000 in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

Golden State Wealth Management LLC purchased a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,931 shares of the company’s stock, valued at approximately $78,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Westside Investment Management Inc. acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the 4th quarter worth approximately $154,000. Aviance Capital Partners LLC acquired a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter worth $203,000. Fiduciary Alliance LLC bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the 4th quarter valued at $206,000. Finally, Concurrent Investment Advisors LLC boosted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.0% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 16,332 shares of the company’s stock valued at $351,000 after buying an additional 921 shares during the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

DFP stock opened at $20.46 on Tuesday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a twelve month low of $17.78 and a twelve month high of $21.73. The business has a fifty day moving average of $20.31 and a 200-day moving average of $20.45.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $0.1151 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $1.38 annualized dividend and a yield of 6.75%.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

Flaherty & Crumrine Dynamic Preferred and 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 across the globe. It seeks to invest in stocks of companies operating across diversified sectors.