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

Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) announced a monthly dividend on Friday, January 24th,Wall Street Journal reports. Stockholders of record on Wednesday, April 23rd will be given a dividend of 0.0505 per share on Wednesday, April 30th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.63%. The ex-dividend date of this dividend is Wednesday, April 23rd.

Flaherty & Crumrine Preferred Income Opportunity Fund has decreased its dividend by an average of 10.7% per year over the last three years.

Flaherty & Crumrine Preferred Income Opportunity Fund Price Performance

NYSE PFO traded up $0.01 during mid-day trading on Friday, reaching $9.14. 19,970 shares of the stock were exchanged, compared to its average volume of 28,571. The stock has a 50 day simple moving average of $9.10 and a 200-day simple moving average of $9.05. Flaherty & Crumrine Preferred Income Opportunity Fund has a one year low of $7.89 and a one year high of $9.54.

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.