Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. to Issue Monthly Dividend of $0.11 (NYSE:DFP)

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) announced a monthly dividend on Friday, January 19th, Wall Street Journal reports. Shareholders of record on Tuesday, April 23rd will be given a dividend of 0.1075 per share on Tuesday, April 30th. This represents a $1.29 dividend on an annualized basis and a yield of 7.19%. The ex-dividend date of this dividend is Monday, April 22nd.

Flaherty & Crumrine Dynamic Preferred and Income Fund has decreased its dividend payment by an average of 8.3% per year over the last three years and has raised its dividend every year for the last 1 years.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Down 0.4 %

DFP stock opened at $17.94 on Friday. The firm’s 50-day simple moving average is $18.68 and its 200 day simple moving average is $17.82. Flaherty & Crumrine Dynamic Preferred and Income Fund has a fifty-two week low of $15.45 and a fifty-two week high of $19.31.

Institutional Investors Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund

Several large investors have recently made changes to their positions in the company. US Bancorp DE bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the 2nd quarter worth approximately $33,000. Comerica Bank acquired a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter worth $42,000. FMR LLC bought a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the first quarter worth $122,000. Golden State Wealth Management LLC acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the first quarter valued at $214,000. Finally, Money Concepts Capital Corp bought a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter valued at about $159,000.

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.