Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Raises Dividend to $0.11 Per Share

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) declared a monthly dividend on Monday, July 22nd, Wall Street Journal reports. Shareholders of record on Monday, September 23rd will be given a dividend of 0.1122 per share on Monday, September 30th. This represents a $1.35 annualized dividend and a dividend yield of 6.29%. The ex-dividend date is Monday, September 23rd. This is an increase from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous monthly dividend of $0.11.

Flaherty & Crumrine Dynamic Preferred and Income Fund has decreased its dividend by an average of 10.8% annually over the last three years.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

NYSE DFP opened at $21.39 on Friday. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 12 month low of $15.45 and a 12 month high of $21.57. The stock has a 50 day moving average of $20.08 and a 200-day moving average of $19.22.

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.