Flaherty & Crumrine Preferred Income Fund Inc. ( NYSE:PFD – Get Rating ) announced a monthly dividend on Thursday, April 20th, Zacks reports. Stockholders of record on Tuesday, May 23rd will be paid a dividend of 0.058 per share by the real estate investment trust on Wednesday, May 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.82%. The ex-dividend date is Monday, May 22nd. Flaherty & Crumrine Preferred Income Fund has decreased its dividend by an average of 1.

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