Profile
Sector:
Financial ServicesIndustry:
Asset ManagementCountry:
United StatesIPO:
25 January 1991Website:
http://www.preferredincome.comNext earnings report:
N/ALast dividends:
23 October 2024Next dividends:
N/APrice
regular market | Wed, 20 Nov 2024 14:30:00 GMTAnalysts recommendations
Institutional Ownership
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PFD Latest News
PASADENA, Calif.--(BUSINESS WIRE)--The Boards of Directors of Flaherty & Crumrine Preferred and Income Fund Incorporated (NYSE: PFD), Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated (NYSE: PFO), Flaherty & Crumrine Preferred and Income Securities Fund Incorporated (NYSE: FFC), Flaherty & Crumrine Total Return Fund Incorporated (NYSE: FLC) and Flaherty & Crumrine Dynamic Preferred and Income Fund Incorporated (NYSE: DFP) today announced that they have d.
The Flaherty & Crumrine Preferred Income Fund has a much lower yield than its peers, but its overall performance over the past year has been admirable. The PFD closed-end fund's distribution has increased three times in the past year, outpacing inflation, and is almost fully covered by net investment income. The fund has substantial exposure to the banking sector, but this does not appear to be a considerable risk with interest rates coming down.
Flaherty & Crumrine Preferred Income Fund's yield is lower than some other fixed-income closed-end funds, but still offers a high level of current income. The PFD closed-end fund's share price has been negatively impacted by the rising interest rate environment, resulting in a significant decline in value. The fund is trading at a price below its intrinsic value, making it a potential opportunity for investors.
What type of business is Flaherty & Crumrine Preferred Income Fund?
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. It benchmarks the performance of its portfolio against the Barclays Capital U.S. Aggregate Index and S&P 500 Index. Flaherty & Crumrine Preferred Income Fund Inc was formed on September 28, 1990 and is domiciled in the United States.
What sector is Flaherty & Crumrine Preferred Income Fund in?
Flaherty & Crumrine Preferred Income Fund is in the Financial Services sector
What industry is Flaherty & Crumrine Preferred Income Fund in?
Flaherty & Crumrine Preferred Income Fund is in the Asset Management industry
What country is Flaherty & Crumrine Preferred Income Fund from?
Flaherty & Crumrine Preferred Income Fund is headquartered in United States
When did Flaherty & Crumrine Preferred Income Fund go public?
Flaherty & Crumrine Preferred Income Fund initial public offering (IPO) was on 25 January 1991
What is Flaherty & Crumrine Preferred Income Fund website?
https://www.preferredincome.com/pfd.htm
Is Flaherty & Crumrine Preferred Income Fund in the S&P 500?
No, Flaherty & Crumrine Preferred Income Fund is not included in the S&P 500 index
Is Flaherty & Crumrine Preferred Income Fund in the NASDAQ 100?
No, Flaherty & Crumrine Preferred Income Fund is not included in the NASDAQ 100 index
Is Flaherty & Crumrine Preferred Income Fund in the Dow Jones?
No, Flaherty & Crumrine Preferred Income Fund is not included in the Dow Jones index
When was Flaherty & Crumrine Preferred Income Fund the previous earnings report?
No data
When does Flaherty & Crumrine Preferred Income Fund earnings report?
Next earnings report date is not announced yet