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

Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) announced a monthly dividend on Friday, July 19th, NASDAQ reports. Shareholders of record on Friday, August 23rd will be paid a dividend of 0.0492 per share on Friday, August 30th. This represents a $0.59 dividend on an annualized basis and a yield of 6.68%. The ex-dividend date of this dividend is Friday, August 23rd. This is an increase 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% per year over the last three years.

Flaherty & Crumrine Preferred Income Opportunity Fund Trading Up 0.5 %

NYSE:PFO traded up $0.04 during mid-day trading on Wednesday, reaching $8.84. 6,867 shares of the stock were exchanged, compared to its average volume of 33,596. The company has a 50 day simple moving average of $8.53 and a 200-day simple moving average of $8.35. Flaherty & Crumrine Preferred Income Opportunity Fund has a 1 year low of $6.90 and a 1 year high of $8.85.

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.