Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO - Get Free Report) announced a dividend on Tuesday, August 19th, investing.com reports. Stockholders of record on Monday, August 25th will be paid a dividend of 0.0512 per share on Friday, August 29th. This represents a dividend yield of 662.0%. The ex-dividend date is Friday, August 22nd.
Flaherty & Crumrine Preferred and Income Fund Stock Performance
Shares of PFO opened at $9.27 on Tuesday. Flaherty & Crumrine Preferred and Income Fund has a fifty-two week low of $8.01 and a fifty-two week high of $9.54. The firm has a 50 day moving average price of $9.23 and a 200-day moving average price of $9.08.
Institutional Investors Weigh In On Flaherty & Crumrine Preferred and Income Fund
A number of hedge funds have recently made changes to their positions in the business. Bank of America Corp DE lifted its holdings in shares of Flaherty & Crumrine Preferred and Income Fund by 7.4% in the 4th quarter. Bank of America Corp DE now owns 21,790 shares of the company's stock worth $196,000 after acquiring an additional 1,500 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Flaherty & Crumrine Preferred and Income Fund by 9.5% during the 2nd quarter. NewEdge Advisors LLC now owns 31,081 shares of the company's stock valued at $287,000 after buying an additional 2,709 shares during the last quarter. Rossby Financial LCC bought a new stake in Flaherty & Crumrine Preferred and Income Fund during the 1st quarter valued at $28,000. Ameritas Advisory Services LLC bought a new stake in Flaherty & Crumrine Preferred and Income Fund during the 2nd quarter valued at $32,000. Finally, Raymond James Financial Inc. bought a new stake in Flaherty & Crumrine Preferred and Income Fund during the 2nd quarter valued at $49,000. 12.90% of the stock is currently owned by institutional investors.
About Flaherty & Crumrine Preferred and Income Fund
(
Get Free Report)
Flaherty & Crumrine Preferred Income Opportunity 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 stocks of companies operating in the financial services sector.
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