Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) Increases Dividend to $0.05 Per Share

Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) declared a monthly dividend on Wednesday, January 22nd,NASDAQ Dividends reports. Shareholders of record on Friday, February 21st will be paid a dividend of 0.0505 per share on Friday, February 28th. This represents a $0.61 annualized dividend and a yield of 6.58%. The ex-dividend date of this dividend is Friday, February 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 payment by an average of 10.7% per year over the last three years.

Flaherty & Crumrine Preferred Income Opportunity Fund Stock Up 0.3 %

Shares of PFO stock opened at $9.22 on Wednesday. Flaherty & Crumrine Preferred Income Opportunity Fund has a 52 week low of $7.89 and a 52 week high of $9.54. The firm has a 50 day moving average of $9.11 and a 200-day moving average of $9.13.

About Flaherty & Crumrine Preferred Income Opportunity Fund

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.