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

Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) announced a dividend on Tuesday, May 20th, investing.com reports. Stockholders of record on Monday, May 26th will be paid a dividend of 0.0512 per share on Friday, May 30th. This represents a dividend yield of 6.81%. The ex-dividend date is Friday, May 23rd. This is a 6.0% increase from Flaherty & Crumrine Preferred Income Opportunity Fund’s previous dividend of $0.05.

Flaherty & Crumrine Preferred Income Opportunity Fund has decreased its dividend by an average of 10.7% annually over the last three years.

Flaherty & Crumrine Preferred Income Opportunity Fund Price Performance

Shares of NYSE:PFO opened at $9.05 on Tuesday. The stock’s 50-day moving average price is $8.90 and its two-hundred day moving average price is $9.06. Flaherty & Crumrine Preferred Income Opportunity Fund has a 12-month low of $8.19 and a 12-month high of $9.54.

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.