Flaherty & Crumrine Preferred Income Fund (NYSE:PFD) Announces Increased Monthly Dividend

Ajit Kushwaha

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) has announced a monthly dividend of $0.0555 per share. This is 0.9% more than the previous dividend of $0.0550 per share.

This statement shows that the fund is dedicated to giving its investors good returns. The forward yield is set at 6.57%, which gives owners a good chance to make money.

Dividend Schedule

The dividend is scheduled to be paid on the following dates:

  • February 29, 2024
  • March 28, 2024
  • April 30, 2024

Shareholders of record as of the following dates will be eligible for the respective dividends:

  • February 22, 2024
  • March 21, 2024
  • April 23, 2024

The ex-dividend dates are as follows:

  • February 21, 2024
  • March 20, 2024
  • April 22, 2024

Flaherty & Crumrine Preferred Income Fund’s steady and rising dividends show that it is committed to giving clients value. This news is part of the fund’s ongoing work to give its owners a steady stream of income.

The fund’s history of regular dividend payments and occasional gains in share prices shows that it is committed to increasing shareholder value. This strategy fits with the fund’s investment goals and shows how well it has done in the market for preferred assets.

The investment philosophy of Flaherty & Crumrine is based on taking advantage of inefficiencies in the market through thorough credit study, quantitative analysis, and practical trading strategies. The goal of this method is to get regularly better investment results without using risky strategies.

Market participants and investors should keep up with the latest news about Flaherty & Crumrine Preferred Income Fund so that they can make smart choices about their financial portfolios.

The official sources, such as the company’s website and government filings, are where investors can find out more about Flaherty & Crumrine Preferred Income Fund and its dividend declarations.

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Ajit Kushwaha is a stock market investor and business owner of a chips manufacturing company in Hazaribagh, Jharkhand, India. He holds a Bsc. from Vinobha Bhave University and leverages over 5 years of stock market experience in managing investments and his snack food business.
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