Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO - Get Free Report) declared a monthly dividend on Thursday, July 24th, Wall Street Journal reports. Shareholders of record on Friday, October 24th will be given a dividend of 0.0512 per share on Friday, October 31st. This represents a $0.61 dividend on an annualized basis and a yield of 6.68%. The ex-dividend date of this dividend is Friday, October 24th. This is a 1.4% increase from Flaherty & Crumrine Preferred and Income Fund's previous monthly dividend of $0.05.
Flaherty & Crumrine Preferred and Income Fund Stock Performance
NYSE:PFO traded down $0.05 during trading hours on Thursday, reaching $9.20. 43,189 shares of the company were exchanged, compared to its average volume of 29,298. Flaherty & Crumrine Preferred and Income Fund has a 52-week low of $8.01 and a 52-week high of $9.54. The stock has a 50 day simple moving average of $9.13 and a 200 day simple moving average of $9.06.
About Flaherty & Crumrine Preferred and Income Fund
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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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