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

Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) declared a monthly dividend on Thursday, October 17th,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 annualized dividend and a dividend yield of 6.67%. The ex-dividend date of this dividend 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% per year over the last three years.

Flaherty & Crumrine Preferred Income Opportunity Fund Stock 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 one year low of $7.54 and a one year high of $9.54. The business has a 50-day simple moving average of $9.32 and a 200 day simple moving average of $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.