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

Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) declared a monthly dividend on Friday, January 24th,Wall Street Journal reports. Stockholders of record on Wednesday, April 23rd will be given a dividend of 0.0505 per share on Wednesday, April 30th. This represents a $0.61 annualized dividend and a dividend yield of 6.63%. The ex-dividend date of this dividend is Wednesday, April 23rd.

Flaherty & Crumrine Preferred Income Opportunity Fund has decreased its dividend by an average of 10.7% per year over the last three years.

Flaherty & Crumrine Preferred Income Opportunity Fund Stock Up 0.1 %

NYSE:PFO traded up $0.01 during mid-day trading on Friday, hitting $9.14. 19,970 shares of the company’s stock were exchanged, compared to its average volume of 28,571. Flaherty & Crumrine Preferred Income Opportunity Fund has a fifty-two week low of $7.89 and a fifty-two week high of $9.54. The company has a 50 day simple moving average of $9.10 and a 200-day simple moving average of $9.05.

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.