Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (PFO) to Issue Monthly Dividend of $0.05 on April 30th

Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) announced a monthly dividend on Wednesday, January 22nd, Wall Street Journal reports. Shareholders 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 yield of 6.96%. The ex-dividend date is Wednesday, April 23rd.

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

Flaherty & Crumrine Preferred Income Opportunity Fund Price Performance

Flaherty & Crumrine Preferred Income Opportunity Fund stock opened at $8.71 on Monday. The company’s 50-day moving average price is $9.05 and its two-hundred day moving average price is $9.13. Flaherty & Crumrine Preferred Income Opportunity Fund has a twelve month low of $7.99 and a twelve month high of $9.54.

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.