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

Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO – Get Rating) announced a monthly dividend on Monday, April 25th, Wall Street Journal reports. Shareholders of record on Thursday, June 23rd will be given a dividend of 0.0655 per share on Thursday, June 30th. This represents a $0.79 annualized dividend and a yield of 7.42%. The ex-dividend date of this dividend is Wednesday, June 22nd.

Flaherty & Crumrine Preferred Income Opportunity Fund has decreased its dividend by an average of 1.2% per year over the last three years.

Shares of PFO stock traded down $0.04 on Monday, hitting $10.59. The company had a trading volume of 20,774 shares, compared to its average volume of 26,064. The company’s 50-day simple moving average is $11.01. Flaherty & Crumrine Preferred Income Opportunity Fund has a twelve month low of $10.57 and a twelve month high of $13.73.

A number of large investors have recently bought and sold shares of the business. NewEdge Advisors LLC purchased a new stake in Flaherty & Crumrine Preferred Income Opportunity Fund during the 4th quarter worth approximately $319,000. Stifel Financial Corp purchased a new stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund in the fourth quarter valued at approximately $137,000. LPL Financial LLC grew its position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 7.8% in the fourth quarter. LPL Financial LLC now owns 36,918 shares of the company’s stock valued at $471,000 after purchasing an additional 2,684 shares in the last quarter. Bank of America Corp DE grew its position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 129.1% in the fourth quarter. Bank of America Corp DE now owns 27,672 shares of the company’s stock valued at $353,000 after purchasing an additional 15,596 shares in the last quarter. Finally, UBS Group AG grew its position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 2.5% in the third quarter. UBS Group AG now owns 66,288 shares of the company’s stock valued at $850,000 after purchasing an additional 1,648 shares in the last quarter. Institutional investors own 7.03% of the company’s stock.

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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