Dividend Information for Flaherty & Crumrine Preferred & Income Fund: Key Updates Before the Ex-Dividend Date on May 23, 2025

Flaherty & Crumrine Preferred & Income Fund (PFD) has announced its latest dividend details. The dividend announcement was made on Apr 16, 2025, with an ex-dividend date set for May 23, 2025, and the dividend payment scheduled for May 30, 2025. Shareholders will receive $0.062 per share, which is lower than the average of the last ten dividends, amounting to approximately $0.084 per share. Previously, the company declared a dividend on Apr 30, 2025, with shareholders receiving $0.061 per share. Both dividends are classified as cash dividends.

Recently, news surrounding Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) has emerged. Comerica Bank reduced its stake in PFD by 22.6% in the fourth quarter, as reported, indicating a potential shift in institutional sentiment. Meanwhile, Stifel Financial Corp acquired a significant new position in the fund, purchasing 27,292 shares valued at approximately $307,000, according to the latest SEC filing. Additionally, Commonwealth Equity Services LLC and Pathway Financial Advisers LLC have increased their holdings, showing confidence in the fund's potential. As of late, the stock opened at $11.12, with a recent fifty-day moving average of $10.98, reflecting a slight decrease compared to its two-hundred-day moving average of $11.21. Noteworthy is the fund's dividend yield of 6.9% announced to be paid on Jun 30, 2025, further exemplifying its attractiveness to income-focused investors.

Over the past week, analysts have highlighted Flaherty & Crumrine's impressive financial performance in Q1 2025, with revenue climbing nearly 65% year-over-year to $16.6 million. This growth has been largely driven by the Ivory Coast Addendum project and robust SPS plus recurring revenue generation. Such achievements underscore the company's strong fundamentals, with its strategic initiatives likely to bolster its market position and financial health. Analysts have also noted the evolving industry landscape, which could offer new opportunities for the fund's portfolio diversification and enhancement.

In conclusion, the ex-dividend date is May 23, 2025, marking the final opportunity for investors to purchase PFD shares to qualify for the upcoming dividend. Any acquisitions made after this date will not be eligible for the dividend distribution.