Looking at the universe of stocks we cover at Dividend Channel, on 11/19/13, Flaherty & Crumrine Preferred Income Fund (PFD) will trade ex-dividend, for its monthly dividend of $0.09, payable on 11/29/13. As a percentage of PFD's recent stock price of $12.87, this dividend works out to approximately 0.70%, so look for shares of Flaherty & Crumrine Preferred Income Fund to trade 0.70% lower — all else being equal — when PFD shares open for trading on 11/19/13.
Below is a dividend history chart for PFD, showing historical dividends prior to the most recent $0.09 declared by Flaherty & Crumrine Preferred Income Fund:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PFD is likely to continue, and whether the current estimated yield of 8.39% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of PFD shares, versus its 200 day moving average:Looking at the chart above, PFD's low point in its 52 week range is $12.04 per share, with $15.81 as the 52 week high point — that compares with a last trade of $12.87.
In Friday trading, Flaherty & Crumrine Preferred Income Fund shares are currently trading flat on the day.