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) declared a monthly dividend on Monday, July 22nd, Wall Street Journal reports. Stockholders of record on Monday, September 23rd will be paid a dividend of 0.0897 per share by the financial services provider on Monday, September 30th. This represents a $1.08 annualized dividend and a dividend yield of 6.47%. The ex-dividend date is Monday, September 23rd. This is a positive change from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.09.

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

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

Shares of Flaherty & Crumrine Preferred Securities Income Fund stock opened at $16.64 on Friday. Flaherty & Crumrine Preferred Securities Income Fund has a 52-week low of $11.90 and a 52-week high of $16.69. The company’s 50 day moving average price is $15.41 and its 200-day moving average price is $14.84.

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.