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FFC - Flaherty & Crumrine Preferred And Income Securities Fund: Money In The Bank
Flaherty & Crumrine Preferred Securities Income Fund Incorporated
FFC revised its financial leverage strategy in 2019, which bumped up its expense ratio from 0.87% to 2.52%. However, the strategy has worked successfully and dividend payouts have increased.
So long as FFC’s current 11.4% premium to NAV ratio and expense ratio hold, its dividend yield will remain compelling at 6.60%.
The fund’s low portfolio turnover ratio, dividend consistency, and peer comparison suggest that it is a quality investment for income chasers.