1. DFP declared dividends for December 2025 and January 2026. 2. A special year-end distribution is also announced for DFP. 3. The special distribution amounts to $0.1270 for January 2026. 4. The record date for these distributions is December 23, 2025. 5. Each fund's fiscal year ended on November 30, 2025.
FAQ
Why Bullish?
DFP's dividend announcement reflects stable income generation, which generally boosts investor confidence and can lead to increased demand. Historically, dividend declarations often result in positive price movements for funds focused on income, as seen with other funds post-dividend announcements.
How important is it?
With the dividend announcements, investors focusing on income securities may be more likely to invest in DFP, positively impacting demand, and therefore the price in the short term.
Why Short Term?
The immediate announcement of dividends is likely to drive short-term interest, but long-term performance will depend on overall fund management and market conditions.
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 declared per share dividends for December 2025 and January 2026. In addition, each fund announced a special year-end distribution to be paid this month. These announcements are detailed below:
|
Special Year-End |
December |
January |
PFD |
$0.0170 |
$0.0672 |
$0.0672 |
PFO |
$0.0298 |
$0.0546 |
$0.0546 |
FFC |
$0.0340 |
$0.1005 |
$0.1005 |
FLC |
$0.0340 |
$0.1037 |
$0.1037 |
DFP |
$0.0365 |
$0.1270 |
$0.1270 |
|
|
|
|
Payment Date |
December 31, 2025 |
December 31, 2025 |
January 30, 2026 |
Record Date |
December 23, 2025 |
December 23, 2025 |
January 23, 2026 |
Each fund's fiscal year ended on November 30, 2025. The tax breakdown of all 2025 distributions will be available early in 2026.
Website: www.preferredincome.com
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 & 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20251211642266/en/
Flaherty & Crumrine Incorporated
Chad Conwell, 626-795-7300