Flaherty & Crumrine Preferred Income Opportunity Fund Inc.
PFOFinancial Services · Stock · monthly payer
Forward Yield
7.48%
Annual Dividend
$0.66
Payout Ratio
66%
5-Yr Growth
-5.2%
Ex-Date
Sep 23, 2026
Frequency
Monthly
Summary
As of September 2026, Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (PFO) yields 7.48% ($0.66 per share annually), with a blended fair-value estimate of $8.89 — +0% upside, so it screens as fairly valued. Dividend safety grade: C (64/100). 2 years of dividend growth.
Is PFO a good dividend stock?
Yes, with caveatsFlaherty & Crumrine Preferred Income Opportunity Fund Inc. (PFO) pays a monthly dividend yielding 7.48% ($0.66/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
- 7.48%
- Payout Ratio
- 66%
- Annual Dividend
- $0.66
- 5-Yr Avg Growth
- -5.2%
- Ex-Dividend Date
- Sep 23, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 0.75
- Market Cap
- $116.2M
- P/E Ratio
- 9.2
- 5-Yr Total Return
- -31%
- 52-Week Range
- $8.80 – $9.90
- Dividend Safety
- C · 64/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
PFO Price — Last 12 Months
Daily close
Price Return
1 Year
-10%
3 Years
+25%
5 Years
-31%
52-Week Range
$8.80 – $9.90
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PFO worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Flaherty & Crumrine Preferred Income Opportunity Fund Inc. is $8.89 per share, versus a market price of $8.86. That implies the stock is roughly fairly priced.
Fair Value
$8.89
Current Price
$8.86
Gap
+0%
Margin of Safety
0%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 10.1% annual free-cash-flow growth. We model -4.4% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.0% discount rate (CAPM), -4.4% stage-1 growth, 2.5% terminal growth, $0.97 EPS, $0.66 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PFO Dividend Safety Score
Borderline
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
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 24, 2026 | — | $0.0570 | regular |
| Jul 24, 2026 | — | $0.0560 | regular |
| Jun 23, 2026 | — | $0.0560 | regular |
| May 21, 2026 | — | $0.0560 | regular |
| Apr 23, 2026 | — | $0.0550 | regular |
| Mar 24, 2026 | — | $0.0550 | regular |
| Feb 20, 2026 | — | $0.0550 | regular |
| Jan 23, 2026 | — | $0.0550 | regular |
| Dec 23, 2025 | — | $0.0840 | regular |
| Nov 20, 2025 | — | $0.0530 | regular |
| Oct 24, 2025 | — | $0.0510 | regular |
| Sep 23, 2025 | — | $0.0510 | regular |
| Aug 22, 2025 | — | $0.0510 | regular |
| Jul 24, 2025 | — | $0.0510 | regular |
Income Calculator
At $0.66 / yr per share
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