Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. Declares Monthly Dividend of $0.10 (NYSE:DFP)

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) announced a monthly dividend on Thursday, October 19th, NASDAQ reports. Stockholders of record on Wednesday, November 22nd will be given a dividend of 0.104 per share on Thursday, November 30th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 7.28%. The ex-dividend date is Tuesday, November 21st.

Flaherty & Crumrine Dynamic Preferred and Income Fund has decreased its dividend by an average of 0.3% per year over the last three years.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

DFP stock traded up $0.09 during mid-day trading on Friday, reaching $17.15. 49,861 shares of the company’s stock were exchanged, compared to its average volume of 75,685. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 12-month low of $15.45 and a 12-month high of $21.64. The stock’s 50 day moving average is $16.36 and its 200 day moving average is $17.11.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in DFP. Ameriprise Financial Inc. grew its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 69.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 206,733 shares of the company’s stock valued at $3,473,000 after acquiring an additional 84,730 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the first quarter valued at about $1,191,000. Millennium Management LLC purchased a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter worth about $478,000. Envestnet Asset Management Inc. acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 2nd quarter worth about $443,000. Finally, Guggenheim Capital LLC lifted its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 239.2% in the 1st quarter. Guggenheim Capital LLC now owns 28,342 shares of the company’s stock valued at $738,000 after buying an additional 19,987 shares in the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc is a closed ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.