Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (PFO)
| Market Value | 118.48M |
| Revenue (ttm) | 13.98M |
| Net Income (ttm) | 19.60M |
| Shares Out | 13.08M |
| EPS (ttm) | 1.50 |
| PE Ratio | 6.04 |
| Forward PE | n/a |
| Dividend | $0.61 (6.69%) |
| Ex-Dividend Date | Nov 21, 2024 |
| Volume | 33,881 |
| Open | 9.07 |
| Previous Close | 9.07 |
| Day's Range | 9.03 - 9.08 |
| 52-Week Range | 7.54 - 9.54 |
| Beta | 0.88 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About PFO
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. The fund primarily invests in preferred securities. It benchmarks the performance of its portfolio against S&P 500 Index and Barclays Capital U.S. Aggregate Index. Flaherty & Crumrine Preferred Income Opportunity Fund Inc. was formed on December 10, ... [Read more]
News
PFO: Discount Narrows, But Changing Environment Continues To Make Fund Attractive
The Flaherty & Crumrine Preferred Income Opportunity Fund provides exposure to preferred and income securities. PFO has seen its discount narrow dramatically since our last update, but with a changing...
Preferred CEFs Are On Fire: PFO's Big 1-Year Return, 8% Discount
The Flaherty & Crumrine Preferred and Income Opportunity Fund has delivered a big return over the past year, outperforming the S&P 500. PFO's portfolio is heavily weighted in financial services, with ...
PFD, PFO, FFC, FLC and DFP Announce November Dividends
PASADENA, Calif.--(BUSINESS WIRE)--The Boards of Directors of Flaherty & Crumrine Preferred and Income Fund Incorporated (NYSE: PFD), Flaherty & Crumrine Preferred and Income Opportunity Fund Incorpor...
Ideas For Managing CEF Discount Volatility
Volatility in the closed-end fund, or CEF, market has recently increased, while tight discounts create a point of vulnerability for the market. We discuss various strategies investors can use to make ...
Gauging Distribution Winners And Losers In The Next Rate Cycle
The Fed is expected to lower short-term rates soon, impacting distributions for investment vehicles like CEFs and BDCs. Investors should focus on both distribution paths and valuations of CEFs, as val...
CEF Weekly Review: Neuberger Berman Doesn't Want To Be Left Out
We review CEF market valuation and performance through the fourth week of July and highlight recent market action. The week was mixed for CEFs with a high level of volatility. Neuberger Berman hikes M...
Opportunities In Income Securities That Have Lagged The Rally
Income assets and financial markets have surged, with only local EM debt in the red year-to-date, due to dollar strength. Our countercyclical approach has led to the culling of high-flyers like BDC Gl...
PFD, PFO, FFC, FLC and DFP Announce August, September and October Dividends
PASADENA, Calif.--(BUSINESS WIRE)--The Boards of Directors of Flaherty & Crumrine Preferred and Income Fund Incorporated (NYSE: PFD), Flaherty & Crumrine Preferred and Income Opportunity Fund Incorpor...
Current Alpha Opportunities In The CEF Space
With market valuations back to expensive levels, we are looking at a number of alpha strategies in the CEF space. These include interval and term funds, relative value as well as leaning against inves...
PFO: Deeply Discounted Preferred Exposure
Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) is currently trading at a historically wide discount and provides exposure to preferred securities. The fund has adjusted its distributi...
CEF Weekly Review: Tracking Fund-Of-CEFs Holdings
We review CEF market valuation and performance through the third week of April and highlight recent market action. Most sectors in the CEF market finished lower, except for MLPs and Utilities which re...
Dissecting The Current CEF Sell-Off And Opportunities
We take a look at the shape of the current CEF sell-off. The sell-off has followed a similar pattern to previous instances, with equity funds falling more than fixed-income funds, leveraged funds unde...
PFD, PFO, FFC, FLC and DFP Announce May, June and July Dividends
PASADENA, Calif.--(BUSINESS WIRE)--The Boards of Directors of Flaherty & Crumrine Preferred and Income Fund Incorporated (NYSE: PFD), Flaherty & Crumrine Preferred and Income Opportunity Fund Incorpor...
CEF Weekly Review: CEF Fees Remain Full Of Pitfalls
We review CEF market valuation and performance through the second week of February and highlight recent market action. CEF price action was mixed, with higher-quality fixed-income sectors and interest...
Key Decision Factors For CEF Allocation In Today's Market
The price action in the CEF market over the last few months has been fast and furious. We revisit the key decision factors of income investing that can streamline and organize the allocation process a...
CEF Weekly Review: Take Care With Total NAV Returns
We review CEF market valuation and performance through the fourth week of January and highlight recent market action. All sectors were up for the week, with MLPs and Preferreds leading the way. Invest...
PFO: Why We Waited 2 Years To Add This Preferred CEF
PFO is a Flaherty preferred CEF with top sector allocations in financials and a mix of investment-grade and sub-investment-grade securities. Flaherty preferred CEFs have struggled in a rate-hiking env...
CEF Weekly Review: Take Care With CEF Sector Designation
We review CEF market valuation and performance through the second week of January and highlight recent market action. Most CEF sectors were up on the week, with CMBS delivering the best return. Discou...
PFD, PFO, FFC, FLC and DFP Announce February, March and April Dividends
PASADENA, Calif--(BUSINESS WIRE)--The Boards of Directors of Flaherty & Crumrine Preferred and Income Fund Incorporated (NYSE: PFD), Flaherty & Crumrine Preferred and Income Opportunity Fund Incorpora...
PFO: A Near-Term Correction Is Likely (Rating Downgrade)
Flaherty & Crumrine Preferred Income Opportunity Fund has a lower yield compared to its peers due to recent distribution cuts and high leverage. The PFO closed-end fund has performed well in recent mo...
PFD, PFO, FFC, FLC and DFP Announce December and January Dividends
PASADENA, Calif.--(BUSINESS WIRE)--The Boards of Directors of Flaherty & Crumrine Preferred and Income Fund Incorporated (NYSE: PFD), Flaherty & Crumrine Preferred and Income Opportunity Fund Incorpor...
PFD, PFO, FFC, FLC and DFP Announce November Distributions
PASADENA, Calif.--(BUSINESS WIRE)--The Boards of Directors of Flaherty & Crumrine Preferred and Income Fund Incorporated (NYSE: PFD), Flaherty & Crumrine Preferred and Income Opportunity Fund Incorpor...
PFO: On The Watchlist, Not In The Garbage Can
The CEF landscape is littered with corpses of funds that have disappointed investors. We highlight one such fund - the preferred Flaherty CEF PFO - which has underperformed the sector since 2022 and d...
PFO: Very Attractive Price, But I Am Not Impressed
Flaherty & Crumrine Preferred Income Opportunity Fund's share price has declined by 20.17% over the past year, more than other income-focused assets. The PFO closed-end fund's price performance may co...
The Quality Closed-End Fund Report, July 2023
Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Top DxYxZ funds are HFRO, PFO and HNW.