Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (PFO) to Issue Monthly Dividend of $0.05 on April 30th

Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) announced a monthly dividend on Friday, January 19th, Wall Street Journal reports. Shareholders of record on Tuesday, April 23rd will be paid a dividend of 0.0456 per share on Tuesday, April 30th. This represents a $0.55 annualized dividend and a yield of 6.82%. The ex-dividend date is Monday, April 22nd.

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 raised its dividend annually for the last 1 consecutive years.

Flaherty & Crumrine Preferred Income Opportunity Fund Price Performance

Shares of PFO opened at $8.02 on Friday. The stock has a 50 day simple moving average of $8.25 and a two-hundred day simple moving average of $7.92. Flaherty & Crumrine Preferred Income Opportunity Fund has a 1 year low of $6.90 and a 1 year high of $8.48.

Institutional Trading of Flaherty & Crumrine Preferred Income Opportunity Fund

Several hedge funds and other institutional investors have recently bought and sold shares of PFO. International Assets Investment Management LLC bought a new position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund during the fourth quarter valued at approximately $178,000. LPL Financial LLC increased its holdings in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 9.8% during the third quarter. LPL Financial LLC now owns 45,892 shares of the company’s stock valued at $341,000 after acquiring an additional 4,083 shares in the last quarter. UBS Group AG increased its holdings in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 22.9% during the third quarter. UBS Group AG now owns 18,142 shares of the company’s stock valued at $135,000 after acquiring an additional 3,376 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 7.8% during the second quarter. Wells Fargo & Company MN now owns 39,086 shares of the company’s stock valued at $313,000 after acquiring an additional 2,818 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 100.0% during the second quarter. PNC Financial Services Group Inc. now owns 33,920 shares of the company’s stock valued at $272,000 after acquiring an additional 16,960 shares in the last quarter. Institutional investors own 12.90% of the company’s stock.

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.