Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (PFO) to Issue Monthly Dividend of $0.05 on July 31st

Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) declared a monthly dividend on Monday, April 22nd, Wall Street Journal reports. Stockholders of record on Wednesday, July 24th will be given a dividend of 0.0483 per share on Wednesday, July 31st. This represents a $0.58 annualized dividend and a dividend yield of 7.12%. The ex-dividend date is Wednesday, July 24th.

Flaherty & Crumrine Preferred Income Opportunity Fund has decreased its dividend by an average of 9.9% per year over the last three years and has increased its dividend every year for the last 1 years.

Flaherty & Crumrine Preferred Income Opportunity Fund Stock Performance

NYSE:PFO opened at $8.14 on Wednesday. The stock’s fifty day simple moving average is $8.25 and its 200-day simple moving average is $7.95. Flaherty & Crumrine Preferred Income Opportunity Fund has a 12-month low of $6.90 and a 12-month high of $8.48.

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.