Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (DFP) to Issue Monthly Dividend of $0.12 on November 29th

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) declared a monthly dividend on Thursday, October 17th,Wall Street Journal reports. Stockholders of record on Thursday, November 21st will be paid a dividend of 0.1151 per share on Friday, November 29th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 6.79%. The ex-dividend date of this dividend is Thursday, November 21st. This is a boost from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous monthly dividend of $0.11.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

NYSE DFP opened at $20.35 on Tuesday. Flaherty & Crumrine Dynamic Preferred and Income Fund has a twelve month low of $16.93 and a twelve month high of $21.73. The stock has a fifty day simple moving average of $20.94 and a 200 day simple moving average of $19.88.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

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.