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

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) announced a monthly dividend on Thursday, October 17th,Wall Street Journal reports. Shareholders of record on Thursday, November 21st will be paid a dividend of 0.092 per share by the financial services provider on Friday, November 29th. This represents a $1.10 dividend on an annualized basis and a yield of 7.01%. The ex-dividend date is Thursday, November 21st. This is a positive change from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.09.

Flaherty & Crumrine Preferred Securities Income Fund has decreased its dividend by an average of 10.2% annually over the last three years.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

Flaherty & Crumrine Preferred Securities Income Fund stock opened at $15.76 on Wednesday. The company’s 50-day moving average is $16.23 and its 200-day moving average is $15.34. Flaherty & Crumrine Preferred Securities Income Fund has a fifty-two week low of $13.35 and a fifty-two week high of $16.74.

About Flaherty & Crumrine Preferred Securities Income Fund

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.