Special Opportunities Fund, Inc. (SPE) to Issue Dividend of $0.11 on January 31st

Special Opportunities Fund, Inc. (NYSE:SPE) declared a dividend on Sunday, January 19th,investing.com reports. Investors of record on Wednesday, January 22nd will be given a dividend of 0.1098 per share by the closed-end fund on Friday, January 31st. This represents a dividend yield of 8.76%. The ex-dividend date is Tuesday, January 21st. This is a boost from Special Opportunities Fund’s previous dividend of $0.10.

Special Opportunities Fund has raised its dividend by an average of 1.3% annually over the last three years.

Special Opportunities Fund Stock Up 0.3 %

NYSE:SPE traded up $0.04 during midday trading on Friday, hitting $15.05. The company had a trading volume of 37,361 shares, compared to its average volume of 33,587. The stock’s fifty day moving average price is $14.99 and its 200-day moving average price is $14.24. Special Opportunities Fund has a 52-week low of $11.83 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.