Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) Plans $0.05 Monthly Dividend

Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) declared a monthly dividend on Thursday, October 19th, NASDAQ reports. Stockholders of record on Wednesday, November 22nd will be given a dividend of 0.045 per share on Thursday, November 30th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 7.00%. The ex-dividend date of this dividend is Tuesday, November 21st.

Flaherty & Crumrine Preferred Income Opportunity Fund has raised its dividend payment by an average of 0.0% per year over the last three years.

Flaherty & Crumrine Preferred Income Opportunity Fund Stock Up 0.8 %

Flaherty & Crumrine Preferred Income Opportunity Fund stock opened at $7.71 on Monday. Flaherty & Crumrine Preferred Income Opportunity Fund has a one year low of $6.90 and a one year high of $9.79. The business has a fifty day moving average price of $7.30 and a 200-day moving average price of $7.61.

Institutional Investors Weigh In On Flaherty & Crumrine Preferred Income Opportunity Fund

Several large investors have recently added to or reduced their stakes in PFO. Raymond James & Associates boosted its stake in Flaherty & Crumrine Preferred Income Opportunity Fund by 178.2% during the first quarter. Raymond James & Associates now owns 57,807 shares of the company’s stock valued at $665,000 after buying an additional 37,027 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in Flaherty & Crumrine Preferred Income Opportunity Fund by 8.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 50,898 shares of the company’s stock valued at $585,000 after purchasing an additional 4,121 shares in the last quarter. Private Advisor Group LLC raised its position in Flaherty & Crumrine Preferred Income Opportunity Fund by 158.8% during the first quarter. Private Advisor Group LLC now owns 38,828 shares of the company’s stock valued at $447,000 after purchasing an additional 23,825 shares in the last quarter. NewEdge Advisors LLC raised its position in Flaherty & Crumrine Preferred Income Opportunity Fund by 16.4% during the first quarter. NewEdge Advisors LLC now owns 29,162 shares of the company’s stock valued at $336,000 after purchasing an additional 4,100 shares in the last quarter. Finally, United Capital Financial Advisers LLC purchased a new stake in Flaherty & Crumrine Preferred Income Opportunity Fund during the first quarter valued at about $138,000. Institutional investors own 8.79% of the company’s stock.

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.