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

Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) declared a monthly dividend on Monday, October 21st, Wall Street Journal reports. Stockholders of record on Thursday, November 21st will be given a dividend of 0.0505 per share on Friday, November 29th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date is Thursday, November 21st. This is a positive change 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% per year over the last three years.

Flaherty & Crumrine Preferred Income Opportunity Fund Price Performance

Shares of PFO stock traded down $0.05 on Monday, reaching $9.45. 108,136 shares of the company’s stock were exchanged, compared to its average volume of 35,062. The company’s fifty day simple moving average is $9.18 and its 200 day simple moving average is $8.65. Flaherty & Crumrine Preferred Income Opportunity Fund has a 52 week low of $6.90 and a 52 week 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.