Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) to Issue Monthly Dividend of $0.08

Posted by Lisa Pomrenke on Nov 19th, 2023

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC – Get Free Report) declared a monthly dividend on Thursday, October 19th, NASDAQ reports. Investors of record on Wednesday, November 22nd will be given a dividend of 0.0815 per share by the financial services provider on Thursday, November 30th. This represents a $0.98 dividend on an annualized basis and a yield of 7.16%. The ex-dividend date is Tuesday, November 21st.

Flaherty & Crumrine Preferred Securities Income Fund has increased its dividend payment by an average of 0.6% annually over the last three years.

Flaherty & Crumrine Preferred Securities Income Fund Stock Up 0.4 %

Shares of FFC stock opened at $13.65 on Friday. The business has a 50-day moving average price of $12.80 and a two-hundred day moving average price of $13.29. Flaherty & Crumrine Preferred Securities Income Fund has a 12-month low of $11.90 and a 12-month high of $17.60.

Institutional Trading of Flaherty & Crumrine Preferred Securities Income Fund

A number of hedge funds have recently bought and sold shares of the company. ICA Group Wealth Management LLC purchased a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the fourth quarter worth approximately $39,000. FMR LLC purchased a new position in Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter worth $39,000. Captrust Financial Advisors bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the second quarter worth $115,000. Evergreen Capital Management LLC purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the fourth quarter valued at about $162,000. Finally, MML Investors Services LLC grew its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 7.4% during the second quarter. MML Investors Services LLC now owns 11,424 shares of the financial services provider’s stock valued at $157,000 after buying an additional 789 shares during the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

(Get Free Report)

Flaherty & Crumrine Preferred Securities 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 of the United States. It seeks to invest in securities of companies operating across diversified sectors.