Flaherty & Crumrine Preferred Income Fund Inc. Announces — Dividend of $0.09 (NYSE:PFD)

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) declared a — dividend on Thursday, December 12th,Wall Street Journal reports. Investors of record on Friday, January 24th will be paid a dividend of 0.091 per share by the real estate investment trust on Friday, January 31st. This represents a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, January 24th.

Flaherty & Crumrine Preferred Income Fund has decreased its dividend by an average of 10.7% per year over the last three years.

Flaherty & Crumrine Preferred Income Fund Price Performance

NYSE PFD opened at $11.55 on Friday. The business has a fifty day simple moving average of $11.59 and a 200 day simple moving average of $11.18. Flaherty & Crumrine Preferred Income Fund has a 12 month low of $9.67 and a 12 month high of $12.08.

About Flaherty & Crumrine Preferred Income Fund

Flaherty & Crumrine Preferred Income 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 the stocks of companies operating in the financials sector. The fund primarily invests in preferred securities.