The Boards of Directors of Flaherty &amp; Crumrine Preferre...

The Boards of Directors of Flaherty &amp; Crumrine Preferred and Income Fund Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/PFD">PFD</a>), Flaherty &amp; Crumrine Preferred and Income Opportunity Fund Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/PFO">PFO</a>), Flaherty &amp; Crumrine Preferred and Income Securities Fund Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/FFC">FFC</a>), Flaherty &amp; Crumrine Total Return Fund Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/FLC">FLC</a>) and Flaherty &amp; Crumrine Dynamic Preferred and Income Fund Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/DFP">DFP</a>) today announced that they have declared per share dividends for August, September and October 2026. These announcements are detailed below:

<table xmlns="http://www.w3.org/1999/xhtml" cellspacing="0" class="bwtablemarginb bwwidth75 bwblockalignc">
<tr xmlns="http://www.w3.org/1999/xhtml">
<td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwpadl0 bwwidth20" rowspan="1" colspan="1">
 



</td>

<td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom bwpadl0 bwwidth25 bwvertalignb bwpadr0" rowspan="1" colspan="1">
August



</td>

<td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom bwpadl0 bwwidth29 bwvertalignb bwpadr0" rowspan="1" colspan="1">
September



</td>

<td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom bwpadl0 bwwidth26 bwvertalignb bwpadr0" rowspan="1" colspan="1">
October



</td>

</tr>
<tr xmlns="http://www.w3.org/1999/xhtml">
<td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwpadl0 bwwidth20" rowspan="1" colspan="1">
PFD



</td>

<td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwwidth25" rowspan="1" colspan="1">
$0.0703



</td>

<td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwwidth29" rowspan="1" colspan="1">
$0.0703



</td>

<td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwwidth26" rowspan="1" colspan="1">
$0.0703



</td>

</tr>
<tr xmlns="http://www.w3.org/1999/xhtml">
<td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwpadl0 bwwidth20" rowspan="1" colspan="1">
PFO



</td>

<td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwwidth25" rowspan="1" colspan="1">
$0.0567



</td>

<td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwwidth29" rowspan="1" colspan="1">
$0.0567



</td>

<td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwwidth26" rowspan="1" colspan="1">
$0.0567



</td>

</tr>
<tr xmlns="http://www.w3.org/1999/xhtml">
<td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwpadl0 bwwidth20" rowspan="1" colspan="1">
FFC



</td>

<td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwwidth25" rowspan="1" colspan="1">
$0.1046



</td>

<td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwwidth29" rowspan="1" colspan="1">
$0.1046



</td>

<td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwwidth26" rowspan="1" colspan="1">
$0.1046



</td>

</tr>
<tr xmlns="http://www.w3.org/1999/xhtml">
<td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwpadl0 bwwidth20" rowspan="1" colspan="1">
FLC



</td>

<td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwwidth25" rowspan="1" colspan="1">
$0.1067



</td>

<td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwwidth29" rowspan="1" colspan="1">
$0.1067



</td>

<td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwwidth26" rowspan="1" colspan="1">
$0.1067



</td>

</tr>
<tr xmlns="http://www.w3.org/1999/xhtml">
<td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwpadl0 bwwidth20" rowspan="1" colspan="1">
DFP



</td>

<td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwwidth25" rowspan="1" colspan="1">
$0.1314



</td>

<td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwwidth29" rowspan="1" colspan="1">
$0.1314



</td>

<td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwwidth26" rowspan="1" colspan="1">
$0.1314



</td>

</tr>
<tr xmlns="http://www.w3.org/1999/xhtml">
<td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwpadl0 bwwidth20" rowspan="1" colspan="1">
Payment Date



</td>

<td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwwidth25 bwvertalignb bwpadr0" rowspan="1" colspan="1">
August 31, 2026



</td>

<td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwwidth29 bwvertalignb bwpadr0" rowspan="1" colspan="1">
September 30, 2026



</td>

<td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwwidth26 bwvertalignb bwpadr0" rowspan="1" colspan="1">
October 30, 2026



</td>

</tr>
<tr xmlns="http://www.w3.org/1999/xhtml">
<td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwpadl0 bwwidth20" rowspan="1" colspan="1">
Record Date



</td>

<td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwwidth25 bwvertalignb bwpadr0" rowspan="1" colspan="1">
August 24, 2026



</td>

<td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwwidth29 bwvertalignb bwpadr0" rowspan="1" colspan="1">
September 23, 2026



</td>

<td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwwidth26 bwvertalignb bwpadr0" rowspan="1" colspan="1">
October 23, 2026



</td>

</tr>
</table>
Each fund’s fiscal year ends on November 30, 2026. The tax breakdown of all 2026 distributions will be available early in 2027.


Website: <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.preferredincome.com&amp;esheet=54575959&amp;newsitemid=20260723563439&amp;lan=en-US&amp;anchor=www.preferredincome.com&amp;index=1&amp;md5=6b219d9156322aff0b5f31fec7db8dc6" shape="rect">www.preferredincome.com</a>


Past performance is not indicative of future performance. An investor should consider the fund’s investment objective, risks, charges and expenses carefully before investing.


To the extent any portion of the distribution is estimated to be sourced from something other than income, such as return of capital, the source would be disclosed on a Section 19(a)-1 letter located under the "SEC Filings and News" section of the funds’ website. The actual amounts and sources of the amounts for tax reporting purposes will depend upon a fund’s investment performance during the remainder of its fiscal year and may be subject to change based on tax regulations. A distribution rate that is largely comprised of sources other than income may not be reflective of a fund’s performance.


PFD, PFO and FFC invest primarily in preferred and other income-producing securities with an investment objective of high current income consistent with preservation of capital. FLC invests primarily in preferred and other income-producing securities with a primary investment objective of high current income and a secondary objective of capital appreciation. DFP invests primarily in preferred and other income-producing securities with an investment objective of total return, with an emphasis on high current income. PFD, PFO, FFC, FLC and DFP are managed by Flaherty &amp; Crumrine Incorporated, an independent investment adviser which was founded in 1983 to specialize in the management of portfolios of preferred and related income-producing securities.

<img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260723563439r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img>View source version on businesswire.com: <a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260723563439/en/" rel="nofollow">https://www.businesswire.com/news/home/20260723563439/en/</a>
Flaherty &amp; Crumrine Incorporated 
 Chad Conwell, 626-795-7300

PFD, PFO, FFC, FLC and DFP Announce August, September and October Dividends

Flaherty & Crumrine Funds announce Aug–Oct 2026 PFD distributions

<section class="insight" data-version="1">
 <section data-block="information">
 <h3>Information</h3>
 &lt;p xmlns=&quot;http://www.w3.org/1999/xhtml&quot;&gt;
The Boards of Directors of Flaherty &amp;amp; Crumrine Preferre...
 </section>

 <section data-block="ai-summary-paragraph">
 <h3>AI Summary</h3>
 Flaherty &amp; Crumrine funds declared August–October 2026 per-share dividends, with PFD at $0.0703 monthly. Payments occur at month-end (Aug 31, Sep 30, Oct 30) and record dates are Aug 24, Sep 23, Oct 23. The funds’ fiscal year ends 11/30/2026 and the 2026 tax breakdown will be released in early 2027, informing after-tax yield.
 </section>

 <section data-block="ai-summary-bullets">
 <h3>Key Points</h3>
 <ul><li>PFD and related funds declare Aug–Oct 2026 per-share dividends.</li><li>PFD pays $0.0703 monthly for Aug, Sep, Oct 2026.</li><li>Record dates: Aug 24, Sep 23, Oct 23; payments month-end.</li><li>Fiscal year ends Nov 30, 2026; 2026 tax breakdown in 2027.</li></ul>
 </section>

 <section data-block="companies-mentioned">
 <h3>Companies Mentioned</h3>
 <ul><li>Flaherty &amp; Crumrine Incorporated: Investment adviser; manages PFD and related funds; no policy change implied.</li><li>PFD (PFD): Declares monthly dividend of $0.0703 for Aug–Oct 2026; directly impacts PFD yield.</li><li>PFO (PFO): Declares monthly dividend of $0.0567 for Aug–Oct 2026; cadence mirrors PFD.</li><li>FFC (FFC): Declares monthly dividend of $0.1046; part of the same fund family.</li><li>FLC (FLC): Declares monthly dividend of $0.1067; cadence aligned with 2026 dates.</li><li>DFP (DFP): Declares monthly dividend of $0.1314; reflects broader income strategy.</li></ul>
 </section>

 <section data-block="category">
 <h3>Corporate Developments</h3>
 Category: Corporate Developments. Routine fund-level distribution update; relevant for income-focused investors assessing cash flow and tax considerations rather than a strategic M&amp;A or earnings event.
 </section>

 <section data-block="market-moving">
 <h3>Market-Moving</h3>
 <ul><li>PFD&#039;s monthly payout remains $0.0703, supporting income stability.</li><li>Tax treatment details to be published with 2026 distributions in 2027.</li><li>Ex-dividend timing could cause small, month-end price moves.</li><li>Cadence across multiple funds may reduce dispersion within the Flaherty &amp; Crumrine lineup.</li></ul>
 </section>

 <section data-block="key-facts">
 <h3>Key Facts</h3>
 <ul><li>PFD monthly distribution: $0.0703 for Aug, Sep, Oct 2026.</li><li>Payment dates: August 31, 2026; September 30, 2026; October 30, 2026.</li><li>Record dates: August 24, 2026; September 23, 2026; October 23, 2026.</li><li>Fiscal year end: November 30, 2026.</li><li>Tax breakdown of 2026 distributions available early 2027.</li></ul>
 </section>

 <section data-block="trading-thesis">
 <h3>Trading Thesis</h3>
 Hold PFD for steady monthly income; no near-term price catalyst expected (1–3 months).
 </section>
</section>


<article>
 <h2>Flaherty & Crumrine Funds Announce August–October 2026 Dividends for PFD, PFO, FFC, FLC and DFP</h2>
 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 per‑share dividend declarations for August, September and October 2026. The announcements cover the five NYSE‑listed funds in the Flaherty & Crumrine family and detail the per‑share amounts, payment dates and record dates for each fund.

 <section aria-labelledby="dividend-details">
 <h3 id="dividend-details">Dividend Details by Fund</h3>
 <ul>
 <li>
 PFD — per‑share dividends: August $0.0703, September $0.0703, October $0.0703.
 <ul>
 <li>Payment Dates: August 31, 2026, September 30, 2026, October 30, 2026.</li>
 <li>Record Dates: August 24, 2026, September 23, 2026, October 23, 2026.</li>
 </ul>
 </li>

 <li>
 PFO — per‑share dividends: August $0.0567, September $0.0567, October $0.0567.
 <ul>
 <li>Payment Dates: August 31, 2026, September 30, 2026, October 30, 2026.</li>
 <li>Record Dates: August 24, 2026, September 23, 2026, October 23, 2026.</li>
 </ul>
 </li>

 <li>
 FFC — per‑share dividends: August $0.1046, September $0.1046, October $0.1046.
 <ul>
 <li>Payment Dates: August 31, 2026, September 30, 2026, October 30, 2026.</li>
 <li>Record Dates: August 24, 2026, September 23, 2026, October 23, 2026.</li>
 </ul>
 </li>

 <li>
 FLC — per‑share dividends: August $0.1067, September $0.1067, October $0.1067.
 <ul>
 <li>Payment Dates: August 31, 2026, September 30, 2026, October 30, 2026.</li>
 <li>Record Dates: August 24, 2026, September 23, 2026, October 23, 2026.</li>
 </ul>
 </li>

 <li>
 DFP — per‑share dividends: August $0.1314, September $0.1314, October $0.1314.
 <ul>
 <li>Payment Dates: August 31, 2026, September 30, 2026, October 30, 2026.</li>
 <li>Record Dates: August 24, 2026, September 23, 2026, October 23, 2026.</li>
 </ul>
 </li>
 </ul>
 </section>

 <section aria-labelledby="about-funds">
 <h3 id="about-funds">About the Flaherty & Crumrine Fund Family</h3>
 This press release covers five NYSE‑listed funds managed by Flaherty & Crumrine: PFD, PFO, FFC, FLC and DFP. The disclosed amounts reflect the scheduled per‑share dividends for the upcoming months of August, September and October 2026.
 </section>
</article>

Flaherty & Crumrine funds declared August–October 2026 per-share dividends, with PFD at $0.0703 monthly. Payments occur at month-end (Aug 31, Sep 30, Oct 30) and record dates are Aug 24, Sep 23, Oct 23. The funds’ fiscal year ends 11/30/2026 and the 2026 tax breakdown will be released in early 2027, informing after-tax yield.

News insight

PFD, PFO, FFC, FLC and DFP Announce August, September and October Dividends

AI summary

Sentiment rationale

Key facts

Corporate Developments