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

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

Flaherty & Crumrine Preferred Income Opportunity Fund Trading Up 0.5 %

NYSE:PFO traded up $0.04 during midday trading on Wednesday, reaching $8.84. 5,826 shares of the company traded hands, compared to its average volume of 33,587. The company has a fifty day moving average price of $8.53 and a 200 day moving average price of $8.35. Flaherty & Crumrine Preferred Income Opportunity Fund has a twelve month low of $6.90 and a twelve month 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.