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

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) announced a monthly dividend on Thursday, October 19th, NASDAQ reports. Shareholders of record on Wednesday, November 22nd will be paid a dividend of 0.104 per share on Thursday, November 30th. This represents a $1.25 annualized dividend and a 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 Up 0.5 %

Shares of NYSE DFP opened at $17.15 on Friday. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 1-year low of $15.45 and a 1-year high of $21.64. The business’s fifty day moving average price is $16.36 and its two-hundred day moving average price is $17.11.

Institutional Investors Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund

Several large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 55.1% during the third quarter. Royal Bank of Canada now owns 19,793 shares of the company’s stock valued at $332,000 after purchasing an additional 7,031 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 69.4% during the third quarter. Ameriprise Financial Inc. now owns 206,733 shares of the company’s stock valued at $3,473,000 after purchasing an additional 84,730 shares during the period. Invesco Ltd. increased its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 3.2% during the third quarter. Invesco Ltd. now owns 264,211 shares of the company’s stock valued at $4,431,000 after purchasing an additional 8,112 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 32.3% during the third quarter. Envestnet Asset Management Inc. now owns 33,623 shares of the company’s stock valued at $564,000 after purchasing an additional 8,209 shares during the period. Finally, HighTower Advisors LLC increased its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 9.2% during the third quarter. HighTower Advisors LLC now owns 12,234 shares of the company’s stock valued at $204,000 after purchasing an additional 1,035 shares during the period.

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.