Flaherty & Crumrine Preferred Securities Income Fund (FFC) has marked a significant milestone by hitting a 52-week high of $16.72 USD. This peak reflects a robust year-over-year growth, with the fund showcasing an impressive 27.08% increase in its 1-year change data. Investors have shown increased confidence in FFC, as the fund's performance over the past year indicates a strong trajectory in the preferred securities space, signaling potential for continued growth and stability within this investment vehicle.
InvestingPro Insights
As Flaherty & Crumrine Preferred Securities Income Fund (FFC) reaches a new 52-week high, a closer look at real-time data and InvestingPro Tips offers a deeper understanding of its financial health and market position. The fund's market capitalization stands at a solid 800.23 million USD, reflecting its substantial presence in the market. The P/E ratio, which is a measure of the company's current share price relative to its per-share earnings, is attractively low at 6.29, hinting at a potentially undervalued stock in comparison to earnings.
InvestingPro Tips suggest that FFC's stock is in overbought territory, as indicated by the RSI, and it pays a significant dividend to shareholders, with a high dividend yield of 6.47%. This is particularly noteworthy for income-focused investors seeking steady dividend payouts. Additionally, FFC has upheld a commendable track record of maintaining dividend payments for 18 consecutive years, which speaks to its financial stability and reliability as an income-generating investment.
Performance metrics over the past year have been strong, with FFC achieving a 35.97% price total return, which is substantially higher than its already impressive 1-year change data. The fund is trading near its 52-week high, priced at 99.64% of this peak, and the recent price surge is backed by a 17.07% price total return over the last three months, underscoring the fund's robust short-term performance.
For investors seeking further insights, InvestingPro offers a wealth of additional tips, which can be accessed at https://www.investing.com/pro/FFC. These tips provide a comprehensive analysis and may help investors make informed decisions about their portfolio strategy concerning FFC.
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