RiverNorth Opportunities Fund, Inc. (NYSE:RIV – Get Free Report) announced a monthly dividend on Thursday, October 1st. Shareholders of record on Monday, November 16th will be paid a dividend of $0.1306 per share on Monday, November 30th. This represents a $1.57 dividend on an annualized basis and a yield of 14.9%. The ex-dividend date is Monday, November 16th.
RiverNorth Opportunities Fund Trading Up 1.0%
NYSE:RIV opened at $10.49 on Friday. RiverNorth Opportunities Fund has a 12-month low of $10.32 and a 12-month high of $12.15. The stock has a 50-day moving average price of $10.94 and a 200 day moving average price of $11.31.
About RiverNorth Opportunities Fund
RiverNorth Opportunities Fund (NYSE: RIV) is a diversified closed-end management investment company. The fund seeks to provide investors with total return through a combination of current income and capital appreciation.
RIV primarily invests in other closed-end funds, exchange-traded funds, business development companies and other income-oriented securities. Its investment approach is designed to identify opportunities where market prices may differ from the underlying value of the assets, while also emphasizing income-producing investments.
The fund is advised by RiverNorth Capital Management, an investment manager specializing in tactical and opportunistic strategies involving closed-end funds and other asset classes.
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