Flaherty & Crumrine Preferred Income Fund Inc. (PFD) To Go Ex-Dividend on November 21st

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) declared a monthly dividend on Thursday, October 17th,Wall Street Journal reports. Investors of record on Thursday, November 21st will be paid a dividend of 0.061 per share by the real estate investment trust on Friday, November 29th. This represents a $0.73 dividend on an annualized basis and a yield of 6.47%. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Flaherty & Crumrine Preferred Income Fund’s previous monthly dividend of $0.06.

Flaherty & Crumrine Preferred Income Fund has decreased its dividend payment by an average of 10.7% annually over the last three years.

Flaherty & Crumrine Preferred Income Fund Stock Performance

Shares of PFD opened at $11.32 on Tuesday. The stock has a fifty day moving average price of $11.74 and a 200 day moving average price of $11.05. Flaherty & Crumrine Preferred Income Fund has a 12 month low of $9.42 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.