DFP Stock Summary and Trading Ideas (Flaherty & Crumrine Dynamic Preferred And Income | NYSE:DFP)

The Fund’s investment objective is to seek total return, with an emphasis on high current income. Under normal market conditions, the Fund invests at least 80% of its “Managed Assets” in a portfolio of preferred and other income-producing securities issued by U.S. and non-U.S. companies, including traditional preferred stock, trust preferred securities, hybrid securities that have characteristics of both equity and debt securities, convertible securities, subordinated debt, and senior debt. •at least 80% of its Managed Assets in a portfolio of preferred and other income-producing securities issued by U.S. and non-U.S. companies •more than 25% of its Managed Assets in the financials sector •at least 80% of its Managed Assets in (i) investment grade quality securities or (ii) below investment grade quality preferred or subordinated securities of companies with investment grade senior unsecured debt outstanding, in either case determined at the time of purchase •“Managed Assets” are the Fund’s net assets, plus the principal amount of loans from financial institutions or debt securities issued by the Fund, the liquidation preference of preferred shares issued by the Fund, if any, and the proceeds of any reverse repurchase agreements entered into by the Fund.

Flaherty & Crumrine Dynamic Preferred And Income trades on the NYSE stock market under the symbol DFP.

As of April 18, 2024, DFP stock price was flat at $18.07 with 2,718 million shares trading.

DFP has a beta of 0.90, meaning it tends to be less sensitive to market movements. DFP has a correlation of 0.27 to the broad based SPY ETF.

DFP has a market cap of $371.12 million. This is considered a Small Cap stock.

In the last 3 years, DFP stock traded as high as $31.43 and as low as $15.45.

DFP has underperformed the market in the last year with a price return of +5.1% while the SPY ETF gained +23.1%. DFP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.1% and -4.5%, respectively, while the SPY returned +6.8% and -3.2%, respectively.

DFP support price is $17.91 and resistance is $18.23 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DFP stock will trade within this expected range on the day.