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

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 of this dividend is Tuesday, November 21st.

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

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

DFP stock opened at $17.15 on Friday. The company’s fifty day simple moving average is $16.36 and its 200 day simple moving average is $17.11. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 12-month low of $15.45 and a 12-month high of $21.64.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. US Bancorp DE acquired a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the second quarter worth approximately $33,000. FMR LLC bought a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 1st quarter worth approximately $122,000. Money Concepts Capital Corp acquired a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter worth approximately $159,000. Bank of America Corp DE increased its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 12.5% in the 4th quarter. Bank of America Corp DE now owns 9,631 shares of the company’s stock valued at $180,000 after acquiring an additional 1,070 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 9.2% in the 3rd quarter. HighTower Advisors LLC now owns 12,234 shares of the company’s stock valued at $204,000 after acquiring an additional 1,035 shares in the last quarter.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

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.