International Assets Investment Management LLC Purchases 170,724 Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

International Assets Investment Management LLC grew its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 2,050.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 179,052 shares of the company’s stock after purchasing an additional 170,724 shares during the quarter. International Assets Investment Management LLC’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $3,850,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Raymond James & Associates grew its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.9% during the third quarter. Raymond James & Associates now owns 745,709 shares of the company’s stock valued at $16,033,000 after acquiring an additional 13,668 shares during the last quarter. Shaker Financial Services LLC raised its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 0.8% in the 2nd quarter. Shaker Financial Services LLC now owns 79,008 shares of the company’s stock worth $1,517,000 after purchasing an additional 629 shares during the period. Private Advisor Group LLC lifted its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 5.0% in the second quarter. Private Advisor Group LLC now owns 45,937 shares of the company’s stock worth $882,000 after purchasing an additional 2,191 shares during the last quarter. Wedbush Securities Inc. boosted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 12.8% during the second quarter. Wedbush Securities Inc. now owns 18,450 shares of the company’s stock valued at $354,000 after buying an additional 2,100 shares during the period. Finally, Concurrent Investment Advisors LLC grew its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 53.2% during the second quarter. Concurrent Investment Advisors LLC now owns 15,411 shares of the company’s stock valued at $296,000 after buying an additional 5,351 shares during the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

NYSE DFP opened at $20.27 on Friday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 1-year low of $16.17 and a 1-year high of $21.73. The stock has a 50-day moving average of $20.91 and a 200-day moving average of $19.66.

Flaherty & Crumrine Dynamic Preferred and Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be given a $0.1151 dividend. The ex-dividend date is Thursday, November 21st. This represents a $1.38 annualized dividend and a yield of 6.81%. This is an increase from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous monthly dividend of $0.11.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc is a closed ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.