Flaherty & Crumrine Preferred and Income Fund Incorporated (PFD)

FairStock Score: 61/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At the 2026-10-13 close of $10.57, the FairStock-calculated P/E was 9.19 and P/B was 0.85. The 7.43% dividend yield and 0.68 beta make this closed-end preferred fund look like an income vehicle with lower market volatility. But I keep asking whether the yield is safe. This fund owns preferred securities, mostly financials, so its fortunes depend on credit spreads, rates, and leverage. There is no traditional competitive moat; the only edge would be manager skill, and the data do not prove that. FairStock's calculated ROE is 9.45% and ROCE is 3.64%, with D/E 0.57. The Piotroski F-Score of 2/9 and Altman Z-Score of 0.86 flash warning signs, though Altman is not built for a fund. The Graham Number of $18.09 implies a 41.57% margin of safety, but for a fund I would rather anchor on NAV and distribution coverage, which are not given. The 52-week range of $10.46-$12.10 puts the price near its low. No filed revenue or profit growth is available, and the Lynch category is none because there are only 0 years of filed results. So the price looks statistically cheap, but the quality evidence is mixed. I would demand a clear discount to NAV and covered distributions before trusting the headline yield.

In plain English: Flaherty & Crumrine Preferred and Income Fund is a closed-end fund that invests in preferred stocks, mostly of financial companies. Its price recently closed at $10.57, and it pays a high 7.43% income distribution. The fund looks somewhat cheap on some measures, but weak quality signals and no growth history make it more of an income play with risks than a strong business.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer