Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) to Issue Dividend Increase – $0.09 Per Share

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) declared a monthly dividend on Friday, April 19th, Wall Street Journal reports. Shareholders of record on Friday, June 21st will be given a dividend of 0.088 per share by the financial services provider on Friday, June 28th. This represents a $1.06 annualized dividend and a yield of 7.57%. The ex-dividend date is Friday, June 21st. This is a positive change from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.08.

Flaherty & Crumrine Preferred Securities Income Fund has decreased its dividend payment by an average of 3.6% annually over the last three years.

Flaherty & Crumrine Preferred Securities Income Fund Trading Down 0.1 %

NYSE:FFC traded down $0.02 during trading hours on Friday, hitting $13.95. The company’s stock had a trading volume of 100,138 shares, compared to its average volume of 154,221. The business’s 50-day moving average is $14.49 and its two-hundred day moving average is $13.84. Flaherty & Crumrine Preferred Securities Income Fund has a 52-week low of $11.90 and a 52-week high of $14.96.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. ICA Group Wealth Management LLC acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter valued at $39,000. FMR LLC acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the third quarter valued at $39,000. Comerica Bank acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the third quarter valued at $43,000. Harbour Investments Inc. grew its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 2,531.6% in the fourth quarter. Harbour Investments Inc. now owns 4,158 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the second quarter valued at $115,000.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

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.