Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. announced that the regular monthly dividend rate for DFP will be $0.155 per share, which equates to an annual dividend of $1.86 per share. This new monthly dividend represents a decrease of approximately 3.1% from the prior monthly dividend. The August monthly dividend will be paid on August 31, 2017 to holders of record of each fund's common stock on August 24, 2017. The expected ex-dividend date is August 22, 2017.