Looking at the universe of stocks we cover at Dividend Channel, on 11/19/13, Flaherty & Crumrine Preferred Income Opportunity Fund (PFO) will trade ex-dividend, for its monthly dividend of $0.073, payable on 11/29/13. As a percentage of PFO's recent stock price of $10.15, this dividend works out to approximately 0.72%, so look for shares of Flaherty & Crumrine Preferred Income Opportunity Fund to trade 0.72% lower — all else being equal — when PFO shares open for trading on 11/19/13.
Below is a dividend history chart for PFO, showing historical dividends prior to the most recent $0.073 declared by Flaherty & Crumrine Preferred Income Opportunity Fund:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PFO is likely to continue, and whether the current estimated yield of 8.63% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of PFO shares, versus its 200 day moving average:Looking at the chart above, PFO's low point in its 52 week range is $9.78 per share, with $12.93 as the 52 week high point — that compares with a last trade of $10.15.
In Friday trading, Flaherty & Crumrine Preferred Income Opportunity Fund shares are currently down about 0.4% on the day.