Flaherty&Crumrine Prfrd Scts Incm Fd Inc (NYSE:FFC) announced a monthly dividend on Tuesday, January 9th, Wall Street Journal reports. Shareholders of record on Wednesday, January 24th will be paid a dividend of 0.119 per share by the financial services provider on Wednesday, January 31st. This represents a $1.43 annualized dividend and a yield of 7.06%. The ex-dividend date is Tuesday, January 23rd.
Flaherty&Crumrine Prfrd Scts Incm Fd has decreased its dividend by an average of 3.0% annually over the last three years.
Shares of Flaherty&Crumrine Prfrd Scts Incm Fd (FFC) traded up $0.10 during trading hours on Wednesday, reaching $20.22. 98,800 shares of the company’s stock traded hands, compared to its average volume of 149,333. Flaherty&Crumrine Prfrd Scts Incm Fd has a 1 year low of $19.12 and a 1 year high of $22.44.
Flaherty & Crumrine Preferred Securities Income Fund Incorporated is a diversified, closed-end management investment company. The Fund’s investment objective is to provide its common shareholders with high current income consistent with the preservation of capital. It invests in a portfolio of preferred securities, such as taxable preferred securities and preferred stocks.
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