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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.
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.
Flaherty and Crumrine Preferred Income Fund Inc. (NYSE: PFD - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $11.84 and traded as low as $11.34. Flaherty and Crumrine Preferred Income Fund shares last traded at $11.3510, with a volume of
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 Charles Schwab Corporation offers two preferred stocks—Series D (5.95%) and Series J (4.45%)—with strong dividend coverage and moderate redemption risk. SCHW's 17.7x dividend coverage ratio and 6.3x total common equity over preferreds reflect robust financial strength supporting preferred dividend payments. Series D is likely to be called before Series J due to its higher coupon, making Series J's high yield-to-call figure largely irrelevant.
The Flaherty & Crumrine Preferred and Income Fund underperforms peers in yield and total return, despite outperforming the preferred stock index. PFD's current 6.88% yield trails comparable closed-end funds, making it less attractive for income-focused investors seeking higher payouts. The fund trades at a 7.50% discount to NAV, its cheapest level among peers and below its five-year average, but this does not offset its lower yield.
Morgan Stanley PFD A 1/1000 rating raised to Hold, but more price erosion possible. I continue to hold this issue. Both MS.PR.A and GS.PR.D offer 4% coupon floors, providing downside protection but resulting in modest fixed components. MS.PR.A carries a higher credit rating (BBB-) than GS.PR.D (BB+), with strong common equity coverage ratios for both issuers.
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.