Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO) Declares Monthly Dividend of $0.06

Key Points

• The fund declared a monthly dividend of $0.0556 per share, payable July 31 to shareholders of record on July 24 (ex-dividend date July 24), implying a reported annualized yield of 7.2%.
• Shares opened at $9.32, trading near their 50-day ($9.33) and 200-day ($9.49) moving averages, with a 52-week range of $8.01 to $9.90 and were down about 0.2% on the day.
• Flaherty & Crumrine Preferred and Income Fund is a closed-end fund that focuses on preferred and hybrid securities to provide high current income while managing credit and interest-rate risk through broad diversification.

Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO - Get Free Report) announced a monthly dividend on Thursday, April 16th. Stockholders of record on Friday, July 24th will be paid a dividend of 0.0556 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Friday, July 24th.

Flaherty & Crumrine Preferred and Income Fund Stock Down 0.2%

Shares of NYSE:PFO opened at $9.32 on Friday. The stock's 50-day moving average is $9.33 and its 200-day moving average is $9.49. Flaherty & Crumrine Preferred and Income Fund has a 52-week low of $8.01 and a 52-week high of $9.90.

About Flaherty & Crumrine Preferred and Income Fund

Flaherty & Crumrine Preferred and Income Fund NYSE: PFO is a closed-end management investment company designed to provide investors with a high level of current income. The fund focuses its portfolio primarily on preferred and participating securities, including traditional preferred shares, convertible preferred instruments, trust preferred issues and other hybrid securities issued by corporations and financial institutions.

Through broad diversification across industry sectors and geographies, PFO aims to manage credit and interest-rate risk while pursuing attractive yield opportunities.

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