DFP: Preferred Stocks Are Probably Overpriced Right Now

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The Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE:DFP) is a closed-end fund that income-focused investors can employ in pursuit of their objectives. Unfortunately, this fund suffers from some of the same problems as the other Flaherty & Crumrine preferred

Fund

Current Yield

Flaherty & Crumrine Dynamic Preferred and Income Fund

6.72%

John Hancock Preferred Income Fund (HPI)

9.39%

John Hancock Preferred Income Fund II (HPF)

9.12%

John Hancock Preferred Income Fund III (HPS)

9.13%

Fund

Leverage Ratio

Flaherty & Crumrine Dynamic Preferred and Income Fund

39.16%

John Hancock Preferred Income Fund

37.95%

John Hancock Preferred Income Fund II

37.92%

John Hancock Preferred Income Fund III

37.76%

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