McClarren Financial Advisors Inc. Acquires Shares of 3,510 Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD)

McClarren Financial Advisors Inc. bought a new position in Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) in the fourth quarter, Holdings Channel reports. The firm bought 3,510 shares of the real estate investment trust’s stock, valued at approximately $39,000.

Separately, UMB Bank n.a. bought a new position in shares of Flaherty & Crumrine Preferred Income Fund during the 4th quarter worth $971,000.

Flaherty & Crumrine Preferred Income Fund Stock Performance

Shares of Flaherty & Crumrine Preferred Income Fund stock opened at $11.34 on Thursday. Flaherty & Crumrine Preferred Income Fund Inc. has a 52-week low of $9.80 and a 52-week high of $12.08. The stock’s 50-day simple moving average is $11.30 and its 200 day simple moving average is $11.42.

Flaherty & Crumrine Preferred Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be given a $0.061 dividend. This represents a $0.73 annualized dividend and a dividend yield of 6.46%. The ex-dividend date of this dividend is Wednesday, April 23rd.

Flaherty & Crumrine Preferred Income Fund Company Profile

Flaherty & Crumrine Preferred Income Fund Inc is a closed ended equity mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity markets of the United States. It invests in the stocks of companies operating in the financials sector. The fund primarily invests in preferred securities.