Special Opportunities Fund, Inc. Plans Monthly Dividend of $0.10 (NYSE:SPE)

Special Opportunities Fund, Inc. (NYSE:SPE) announced a monthly dividend on Monday, September 30th,Wall Street Journal reports. Stockholders of record on Tuesday, December 17th will be given a dividend of 0.0954 per share by the closed-end fund on Tuesday, December 31st. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.37%. The ex-dividend date is Tuesday, December 17th.

Special Opportunities Fund has increased its dividend payment by an average of 16.5% per year over the last three years.

Special Opportunities Fund Stock Up 0.5 %

Shares of SPE opened at $15.53 on Friday. The company’s 50 day moving average price is $14.83 and its 200 day moving average price is $13.93. Special Opportunities Fund has a 52 week low of $11.56 and a 52 week high of $15.74.

Special Opportunities Fund Company Profile

Special Opportunities Fund, Inc is a close-ended balanced fund of funds launched and managed by Bulldog Investors, LLC. It invests in close-ended funds investing in public equity and fixed income markets. The fund employs a combination of value, opportunistic and special situations strategies to make its investments.