Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO – Get Free Report) announced a monthly dividend on Friday, January 24th, Wall Street Journal reports. Investors of record on Wednesday, April 23rd will be given a dividend of 0.0505 per share on Wednesday, April 30th. This represents a $0.61 dividend on an annualized basis and a yield of 6.96%. The ex-dividend date is Wednesday, April 23rd.
Flaherty & Crumrine Preferred Income Opportunity Fund has decreased its dividend by an average of 10.7% per year over the last three years.
Flaherty & Crumrine Preferred Income Opportunity Fund Stock Performance
Shares of PFO opened at $8.71 on Monday. Flaherty & Crumrine Preferred Income Opportunity Fund has a fifty-two week low of $7.99 and a fifty-two week high of $9.54. The firm has a 50 day moving average price of $9.05 and a 200-day moving average price of $9.13.
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.
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