Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) Plans $0.07 Monthly Dividend

Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO – Get Rating) declared a monthly dividend on Tuesday, January 25th, Wall Street Journal reports. Shareholders of record on Friday, April 22nd will be given a dividend of 0.067 per share on Friday, April 29th. This represents a $0.80 annualized dividend and a yield of 7.50%. The ex-dividend date of this dividend is Thursday, April 21st.

Flaherty & Crumrine Preferred Income Opportunity Fund stock opened at $10.72 on Tuesday. The company has a 50 day moving average of $11.06. Flaherty & Crumrine Preferred Income Opportunity Fund has a 1 year low of $10.57 and a 1 year high of $13.73.

Institutional investors have recently added to or reduced their stakes in the company. Stifel Financial Corp purchased a new stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund in the 4th quarter valued at approximately $137,000. Bank of America Corp DE raised its stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 30.6% in the 2nd quarter. Bank of America Corp DE now owns 12,111 shares of the company’s stock valued at $162,000 after acquiring an additional 2,837 shares during the period. NewEdge Advisors LLC purchased a new stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund in the 4th quarter valued at approximately $319,000. LPL Financial LLC raised its stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 7.8% in the 4th quarter. LPL Financial LLC now owns 36,918 shares of the company’s stock valued at $471,000 after acquiring an additional 2,684 shares during the period. Finally, UBS Group AG raised its stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 2.5% in the 3rd quarter. UBS Group AG now owns 66,288 shares of the company’s stock valued at $850,000 after acquiring an additional 1,648 shares during the period. 7.03% of the stock is currently owned by institutional investors and hedge funds.

Flaherty & Crumrine Preferred Income Opportunity Fund Company Profile (Get Rating)

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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