Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) Declares Dividend Increase – $0.05 Per Share

Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) announced a monthly dividend on Friday, July 19th, NASDAQ reports. Investors 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 dividend yield of 6.67%. The ex-dividend date is Friday, August 23rd. 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 9.9% per year over the last three years.

Flaherty & Crumrine Preferred Income Opportunity Fund Trading Up 0.6 %

Shares of PFO stock traded up $0.05 on Wednesday, reaching $8.85. The company’s stock had a trading volume of 1,348 shares, compared to its average volume of 33,562. Flaherty & Crumrine Preferred Income Opportunity Fund has a 12-month low of $6.90 and a 12-month high of $8.85. The stock’s 50 day simple moving average is $8.53 and its 200-day simple moving average is $8.35.

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.