Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) raises dividend to $0.09 per share

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC – Get Free Report) declared a monthly dividend on Friday, July 19th, NASDAQ reports. Investors of record on Friday, August 23rd will be paid a dividend of 0.0897 per share by the financial services provider on Friday, August 30th. This represents a dividend of $1.08 on an annualized basis and a yield of 6.95%. The ex-dividend date of this dividend is Friday, August 23. This is a positive change from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.09.

The Flaherty & Crumrine Preferred Securities Income Fund has cut its dividend payout by an average of 10.2% per year over the past three years.

Flaherty & Crumrine Preferred Income Fund Trading Up 0.4%

Shares of Flaherty & Crumrine Preferred Securities Income Fund traded up $0.06 during midday trading on Wednesday, reaching $15.48. The stock had a trading volume of 25,091 shares compared to its average volume of 136,334. The company has a fifty day simple moving average of $14.77 and a two hundred day simple moving average of $14.57. Flaherty & Crumrine Preferred Securities Income Fund has a 12-month low of $11.90 and a 12-month high of $15.50.

About Flaherty & Crumrine Preferred Securities Income Fund

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Flaherty & Crumrine Preferred Securities Income Fund Inc is a balanced closed-end 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 in diversified sectors.

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