SmarterDividends
PFO

Flaherty & Crumrine Preferred Income Opportunity Fund Inc.

PFO

Financial Services · Stock · monthly payer

Forward Yield

7.07%

Annual Dividend

$0.65

Payout Ratio

76%

5-Yr Growth

-4.4%

Ex-Date

Jun 23, 2026

Frequency

Monthly

PFO Dividend Safety Score

61/ 100
Grade C

Borderline

Dividend-growth streak2 consecutive years of growth
Cut historyCut its dividend in 2023
Earnings payout coverage76% of earnings paid out
Balance-sheet strengthDebt/equity of 0.60
Yield vs its historyYield in line with its history

SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.

Dividend Growth

Total dividends per share by year

Is PFO a good dividend stock?

Yes, with caveats

Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (PFO) pays a monthly dividend yielding 7.07% ($0.65/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

    Risks

    • Cut its dividend in 2023
    • Dividend has been shrinking, not growing
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    7.07%
    Payout Ratio
    76%
    Annual Dividend
    $0.65
    5-Yr Avg Growth
    -4.4%
    Ex-Dividend Date
    Jun 23, 2026
    Years of Growth
    2
    Frequency
    monthly
    Beta
    0.75
    Market Cap
    $119.4M
    P/E Ratio
    11.3
    5-Yr Total Return
    -32%
    52-Week Range
    $8.85 – $9.90
    Dividend Safety
    C · 61/100
    Ever Cut?
    Yes (2023)
    PFO ex-dividend date & scheduleNext ex-date Jun 23, 2026 · full ex-dividend historyView →

    Frequently Asked Questions

    Income Calculator

    At $0.65 / yr per share

    Per payment (monthly)$5.42
    Annual$65.00
    Monthly avg$5.42