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) declared a dividend on Wednesday, January 22nd,NASDAQ Dividends reports. Investors of record on Friday, February 21st will be paid a dividend of 0.0505 per share on Friday, February 28th. The ex-dividend date of this dividend is Friday, February 21st. This is a boost from Flaherty & Crumrine Preferred Income Opportunity Fund’s previous dividend of $0.05.

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

Flaherty & Crumrine Preferred Income Opportunity Fund Stock Up 0.6 %

Shares of NYSE:PFO traded up $0.06 during trading hours on Thursday, hitting $9.20. 11,964 shares of the company’s stock traded hands, compared to its average volume of 29,190. The business has a fifty day moving average price of $9.10 and a 200-day moving average price of $9.05. Flaherty & Crumrine Preferred Income Opportunity Fund has a 1 year low of $7.89 and a 1 year high of $9.54.

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.