Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Shares Sold by Wedbush Securities Inc.

Posted by on Apr 16th, 2023

Wedbush Securities Inc. cut its position in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP – Get Rating) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,933 shares of the company’s stock after selling 1,519 shares during the period. Wedbush Securities Inc.’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $504,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DFP. Heron Bay Capital Management acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the fourth quarter valued at about $1,846,000. Wolverine Asset Management LLC purchased a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the third quarter worth about $1,206,000. Cohen & Steers Inc. boosted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 45.4% in the third quarter. Cohen & Steers Inc. now owns 170,740 shares of the company’s stock worth $3,242,000 after buying an additional 53,340 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the first quarter worth about $1,191,000. Finally, Guggenheim Capital LLC boosted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 239.2% in the first quarter. Guggenheim Capital LLC now owns 28,342 shares of the company’s stock worth $738,000 after buying an additional 19,987 shares during the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

Shares of DFP opened at $18.29 on Friday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 52 week low of $16.46 and a 52 week high of $24.81. The stock’s 50-day moving average price is $19.06 and its 200-day moving average price is $19.35.

Flaherty & Crumrine Dynamic Preferred and Income Fund Increases Dividend

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

Flaherty & Crumrine Dynamic Preferred and Income Fund Company 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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