Flaherty & Crumrine Dynamic Preferred and Income Fund Inc.
DFPFinancial Services · Stock · monthly payer
Forward Yield
8.10%
Annual Dividend
$1.54
Payout Ratio
68%
5-Yr Growth
-4.7%
Ex-Date
Oct 23, 2026
Frequency
Monthly
Summary
As of September 2026, Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (DFP) yields 8.10% ($1.54 per share annually), with a blended fair-value estimate of $16.90 — -14% downside, so it screens as fairly valued. Dividend safety grade: C (58/100). 2 years of dividend growth.
Is DFP a good dividend stock?
Yes, with caveatsFlaherty & Crumrine Dynamic Preferred and Income Fund Inc. (DFP) pays a monthly dividend yielding 8.10% ($1.54/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
Risks
- Cut its dividend in 2023
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 8.10%
- Payout Ratio
- 68%
- Annual Dividend
- $1.54
- 5-Yr Avg Growth
- -4.7%
- Ex-Dividend Date
- Oct 23, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- —
- Market Cap
- $389.2M
- P/E Ratio
- 8.7
- 5-Yr Total Return
- -31%
- 52-Week Range
- $19.40 – $22.11
- Dividend Safety
- C · 58/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
DFP Price — Last 12 Months
Daily close
Price Return
1 Year
-10%
3 Years
+24%
5 Years
-31%
52-Week Range
$19.40 – $22.11
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is DFP worth?
Fairly valuedhigh confidenceOur blended fair-value estimate for Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. is $16.90 per share, versus a market price of $19.62. That implies the stock is roughly fairly priced.
Fair Value
$16.90
Current Price
$19.62
Gap
-14%
Margin of Safety
-16%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 0.5% annual free-cash-flow growth. We model -5.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.3% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $2.18 EPS, $1.54 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
DFP Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full DFP dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 23, 2026 | — | $0.1310 | regular |
| Aug 24, 2026 | — | $0.1310 | regular |
| Jul 24, 2026 | — | $0.1300 | regular |
| Jun 23, 2026 | — | $0.1300 | regular |
| May 21, 2026 | — | $0.1300 | regular |
| Apr 23, 2026 | — | $0.1270 | regular |
| Mar 24, 2026 | — | $0.1270 | regular |
| Feb 20, 2026 | — | $0.1270 | regular |
| Jan 23, 2026 | — | $0.1270 | regular |
| Dec 23, 2025 | — | $0.1640 | regular |
| Nov 20, 2025 | — | $0.1220 | regular |
| Oct 24, 2025 | — | $0.1190 | regular |
| Sep 23, 2025 | — | $0.1190 | regular |
| Aug 22, 2025 | — | $0.1190 | regular |
Income Calculator
At $1.54 / yr per share
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