Flaherty & Crumrine Preferred Income Fund Inc.
PFDFinancial Services · Stock · monthly payer
Forward Yield
7.43%
Annual Dividend
$0.82
Payout Ratio
69%
5-Yr Growth
-4.4%
Ex-Date
Sep 23, 2026
Frequency
Monthly
Summary
As of September 2026, Flaherty & Crumrine Preferred Income Fund Inc. (PFD) yields 7.43% ($0.82 per share annually), with a blended fair-value estimate of $21.91 — +99% upside, so it screens as undervalued. Dividend safety grade: C (63/100). 2 years of dividend growth.
Is PFD a good dividend stock?
Yes, with caveatsFlaherty & Crumrine Preferred Income Fund Inc. (PFD) pays a monthly dividend yielding 7.43% ($0.82/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
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 7.43%
- Payout Ratio
- 69%
- Annual Dividend
- $0.82
- 5-Yr Avg Growth
- -4.4%
- Ex-Dividend Date
- Sep 23, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 0.68
- Market Cap
- $141.8M
- P/E Ratio
- 9.6
- 5-Yr Total Return
- -33%
- 52-Week Range
- $10.90 – $12.16
- Dividend Safety
- C · 63/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
PFD Price — Last 12 Months
Daily close
Price Return
1 Year
-9%
3 Years
+25%
5 Years
-33%
52-Week Range
$10.90 – $12.16
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PFD worth?
Undervaluedlow confidenceOur blended fair-value estimate for Flaherty & Crumrine Preferred Income Fund Inc. is $21.91 per share, versus a market price of $11.01. That implies 99% of upside — a margin of safety of about 50%.
Fair Value
$21.91
Current Price
$11.01
Upside
+99%
Margin of Safety
50%
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.
At today's price, the market is pricing in about 9.7% annual free-cash-flow growth. We model 20.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.7% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $1.15 EPS, $0.82 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PFD 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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 24, 2026 | — | $0.0700 | regular |
| Jul 24, 2026 | — | $0.0690 | regular |
| Jun 23, 2026 | — | $0.0690 | regular |
| May 21, 2026 | — | $0.0690 | regular |
| Apr 23, 2026 | — | $0.0670 | regular |
| Mar 24, 2026 | — | $0.0670 | regular |
| Feb 20, 2026 | — | $0.0670 | regular |
| Jan 23, 2026 | — | $0.0670 | regular |
| Dec 23, 2025 | — | $0.0840 | regular |
| Nov 20, 2025 | — | $0.0650 | regular |
| Oct 24, 2025 | — | $0.0630 | regular |
| Sep 23, 2025 | — | $0.0630 | regular |
| Aug 22, 2025 | — | $0.0630 | regular |
| Jul 24, 2025 | — | $0.0620 | regular |
Income Calculator
At $0.82 / yr per share
