RiverNorth Opportunities Fund, Inc. (NYSE:RIV – Get Free Report) announced a monthly dividend on Monday, January 6th,Wall Street Journal reports. Investors of record on Friday, March 14th will be paid a dividend of 0.1277 per share on Monday, March 31st. This represents a $1.53 annualized dividend and a dividend yield of 12.92%. The ex-dividend date is Friday, March 14th.
RiverNorth Opportunities Fund has raised its dividend by an average of 19.4% per year over the last three years.
RiverNorth Opportunities Fund Stock Down 1.2 %
Shares of RIV opened at $11.86 on Tuesday. The firm’s 50 day moving average price is $12.29 and its 200 day moving average price is $12.38. RiverNorth Opportunities Fund has a twelve month low of $11.05 and a twelve month high of $12.96.
About RiverNorth Opportunities Fund
RiverNorth Opportunities Fund, Inc is a close ended equity mutual fund co- launched and co- managed by ALPS Advisors, Inc and RiverNorth Capital Management, LLC. It invests in the equity markets. The fund seeks to invest in stocks of companies operating across the diversified sectors. RiverNorth Opportunities Fund, Inc was formed on December 24, 2015 and is domiciled in the United States.
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