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

Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) announced a monthly dividend on Thursday, October 17th,Wall Street Journal reports. Shareholders 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 yield of 6.67%. 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 payment by an average of 9.9% annually over the last three years.

Flaherty & Crumrine Preferred Income Opportunity Fund Trading Up 0.3 %

Shares of Flaherty & Crumrine Preferred Income Opportunity Fund stock opened at $9.08 on Tuesday. Flaherty & Crumrine Preferred Income Opportunity Fund has a 12 month low of $7.54 and a 12 month high of $9.54. The business’s 50-day moving average price is $9.32 and its 200-day moving average price is $8.82.

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.