Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO - Get Free Report) declared a monthly dividend on Monday, April 22nd, Wall Street Journal reports. Investors 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 7.22%. The ex-dividend date of this dividend is Wednesday, July 24th.
Flaherty & Crumrine Preferred Income Opportunity Fund has decreased its dividend by an average of 9.9% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.
Flaherty & Crumrine Preferred Income Opportunity Fund Stock Performance
NYSE PFO traded up $0.06 during trading on Monday, hitting $8.03. 13,135 shares of the company's stock traded hands, compared to its average volume of 32,334. The stock has a fifty day moving average of $8.25 and a two-hundred day moving average of $7.94. 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
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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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