International Assets Investment Management LLC Purchases Shares of 19,479 Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

Posted by on Apr 15th, 2023

International Assets Investment Management LLC purchased a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP – Get Rating) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 19,479 shares of the company’s stock, valued at approximately $364,000.

Other large investors have also recently bought and sold shares of the company. Raymond James Trust N.A. lifted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 4.7% during the first quarter. Raymond James Trust N.A. now owns 12,478 shares of the company’s stock valued at $325,000 after acquiring an additional 558 shares during the period. All Season Financial Advisors Inc. grew its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 4.6% in the third quarter. All Season Financial Advisors Inc. now owns 16,783 shares of the company’s stock valued at $319,000 after purchasing an additional 745 shares in the last quarter. UBS Group AG grew its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 10.5% in the third quarter. UBS Group AG now owns 10,942 shares of the company’s stock valued at $208,000 after purchasing an additional 1,041 shares in the last quarter. Centaurus Financial Inc. grew its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 3.9% in the third quarter. Centaurus Financial Inc. now owns 33,782 shares of the company’s stock valued at $642,000 after purchasing an additional 1,270 shares in the last quarter. Finally, Private Trust Co. NA acquired a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the third quarter valued at approximately $38,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Down 0.7 %

DFP opened at $18.29 on Friday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 12-month low of $16.46 and a 12-month high of $24.81. The business has a 50 day moving average of $19.06 and a 200-day moving average of $19.35.

Flaherty & Crumrine Dynamic Preferred and Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, April 28th. Investors of record on Friday, April 21st will be given a dividend of $0.115 per share. The ex-dividend date of this dividend is Thursday, April 20th. This represents a $1.38 dividend on an annualized basis and a yield of 7.55%. This is a positive change from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous monthly dividend of $0.11.

Flaherty & Crumrine Dynamic Preferred and Income Fund Profile

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Flaherty & Crumrine Dynamic Preferred & Income Fund, Inc is a diversified and closed-end management company. It invests in the portfolio of preferred and other income-producing securities. The firm aims to seek total return and to provide high income. The company was founded on October 10, 2012 and is headquartered in Pasadena, CA.

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Institutional Ownership by Quarter for Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE:DFP)

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