Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) Shares Will Pay Monthly Dividend of $0.07

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) declared a monthly dividend on Thursday, October 22nd. Stockholders of record on Friday, November 20th will be paid a dividend of $0.0703 per share by the real estate investment trust on Monday, November 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend is Friday, November 20th.

Flaherty & Crumrine Preferred Income Fund Trading Down 1.0%

Shares of PFD traded down $0.10 during mid-day trading on Friday, reaching $10.38. The company had a trading volume of 2,783 shares, compared to its average volume of 26,521. Flaherty & Crumrine Preferred Income Fund has a twelve month low of $10.38 and a twelve month high of $12.10. The company’s 50-day moving average is $10.95 and its 200-day moving average is $11.29.

About Flaherty & Crumrine Preferred Income Fund

Flaherty & Crumrine Preferred Income Fund (NYSE: PFD) is a closed-end investment fund managed by Flaherty & Crumrine Incorporated. The fund seeks to provide investors with high current income and, to a lesser extent, opportunities for capital appreciation.

The fund invests primarily in preferred securities issued by financial institutions, utilities, telecommunications companies and other corporations. Its portfolio may also include other income-producing securities, such as hybrid securities, corporate debt and convertible securities.