Flaherty & Crumrine Preferred Income Opportunity Fund Inc. to Issue Monthly Dividend of $0.05 (NYSE:PFO)

Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) declared a monthly dividend on Monday, April 22nd, Wall Street Journal reports. Stockholders of record on Wednesday, July 24th will be paid a dividend of 0.0483 per share on Wednesday, July 31st. This represents a $0.58 dividend on an annualized basis and a dividend yield of 7.12%. The ex-dividend date of this dividend is Wednesday, July 24th.

Flaherty & Crumrine Preferred Income Opportunity Fund has decreased its dividend by an average of 9.9% annually over the last three years and has increased its dividend every year for the last 1 years.

Flaherty & Crumrine Preferred Income Opportunity Fund Trading Up 1.4 %

Shares of PFO opened at $8.14 on Wednesday. Flaherty & Crumrine Preferred Income Opportunity Fund has a 52 week low of $6.90 and a 52 week high of $8.48. The stock has a fifty day moving average of $8.25 and a 200-day moving average of $7.95.

Flaherty & Crumrine Preferred Income Opportunity Fund Company Profile

Flaherty & Crumrine Preferred Income Opportunity Fund Inc is a closed ended equity mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the financial services sector.