Flaherty & Crumrine Preferred Income Fund Inc.
PFDFinancial Services · Stock · monthly payer
Forward Yield
6.91%
Annual Dividend
$0.75
Payout Ratio
—
5-Yr Growth
-4.4%
Ex-Date
—
Frequency
Monthly
Summary
As of June 2026, Flaherty & Crumrine Preferred Income Fund Inc. (PFD) yields 6.91% ($0.75 per share annually), with a blended fair-value estimate of $24.83 — +118% upside, so it screens as undervalued. Dividend safety grade: C (61/100). 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 6.91% ($0.75/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
- 6.91%
- Payout Ratio
- —
- Annual Dividend
- $0.75
- 5-Yr Avg Growth
- -4.4%
- Ex-Dividend Date
- —
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 0.68
- Market Cap
- $148.6M
- P/E Ratio
- 12.0
- 5-Yr Total Return
- -32%
- 52-Week Range
- $10.98 – $12.16
- Dividend Safety
- C · 61/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
PFD Price — Last 12 Months
Daily close
Price Return
1 Year
+1%
3 Years
+16%
5 Years
-32%
52-Week Range
$10.98 – $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 $24.83 per share, versus a market price of $11.41. That implies 118% of upside — a margin of safety of about 54%.
Fair Value
$24.83
Current Price
$11.41
Upside
+118%
Margin of Safety
54%
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 10.2% 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, $0.96 EPS, $0.80 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 |
|---|---|---|---|
| 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 |
| Jun 23, 2025 | — | $0.0620 | regular |
| May 23, 2025 | — | $0.0620 | regular |
| Apr 23, 2025 | — | $0.0610 | regular |
Income Calculator
At $0.75 / yr per share
