SmarterDividends
PFD

Flaherty & Crumrine Preferred Income Fund Inc.

PFD

Financial Services · Stock · monthly payer

Forward Yield

6.92%

Annual Dividend

$0.80

Payout Ratio

78%

5-Yr Growth

-4.5%

Ex-Date

Jun 23, 2026

Frequency

Monthly

PFD Dividend Safety Score

61/ 100
Grade C

Borderline

Dividend-growth streak2 consecutive years of growth
Cut historyCut its dividend in 2023
Earnings payout coverage78% of earnings paid out
Balance-sheet strengthDebt/equity of 0.56
Yield vs its historyYield in line with its history

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

Is PFD a good dividend stock?

Yes, with caveats

Flaherty & Crumrine Preferred Income Fund Inc. (PFD) pays a monthly dividend yielding 6.92% ($0.80/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
    6.92%
    Payout Ratio
    78%
    Annual Dividend
    $0.80
    5-Yr Avg Growth
    -4.5%
    Ex-Dividend Date
    Jun 23, 2026
    Years of Growth
    2
    Frequency
    monthly
    Beta
    0.68
    Market Cap
    $147.8M
    P/E Ratio
    12.0
    5-Yr Total Return
    -31%
    52-Week Range
    $10.98 – $12.16
    Dividend Safety
    C · 61/100
    Ever Cut?
    Yes (2023)
    PFD ex-dividend date & scheduleNext ex-date Jun 23, 2026 · full ex-dividend historyView →

    Frequently Asked Questions

    Income Calculator

    At $0.80 / yr per share

    Per payment (monthly)$6.67
    Annual$80.00
    Monthly avg$6.67