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

Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) announced a monthly dividend on Monday, October 21st, Wall Street Journal reports. Investors of record on Thursday, November 21st will be given a dividend of 0.0505 per share on Friday, November 29th. This represents a $0.61 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date is Thursday, November 21st. This is a boost from Flaherty & Crumrine Preferred Income Opportunity Fund’s previous monthly dividend of $0.05.

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

Flaherty & Crumrine Preferred Income Opportunity Fund Stock Performance

Shares of NYSE:PFO traded down $0.05 on Monday, reaching $9.45. The company’s stock had a trading volume of 108,136 shares, compared to its average volume of 35,062. The company has a 50-day simple moving average of $9.18 and a 200 day simple moving average of $8.65. Flaherty & Crumrine Preferred Income Opportunity Fund has a 52-week low of $6.90 and a 52-week 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.