Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO – Get Free Report) announced a monthly dividend on Monday, April 22nd, Wall Street Journal reports. Shareholders of record on Wednesday, July 24th will be given a dividend of 0.0483 per share on Wednesday, July 31st. This represents a $0.58 annualized dividend and a yield of 6.74%. The ex-dividend date is Wednesday, July 24th.
Flaherty & Crumrine Preferred Income Opportunity Fund has decreased its dividend payment by an average of 9.9% per year over the last three years.
Flaherty & Crumrine Preferred Income Opportunity Fund Stock Performance
PFO stock opened at $8.60 on Monday. Flaherty & Crumrine Preferred Income Opportunity Fund has a 52-week low of $6.90 and a 52-week high of $8.70. The stock’s 50 day moving average is $8.42 and its two-hundred day moving average is $8.30.
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.
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