RiverNorth Opportunities Fund, Inc. (NYSE:RIV – Get Free Report) announced a monthly dividend on Wednesday, April 1st. Shareholders of record on Friday, May 15th will be paid a dividend of 0.1306 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 13.4%. The ex-dividend date of this dividend is Friday, May 15th.
RiverNorth Opportunities Fund Price Performance
Shares of RIV stock traded down $0.03 during mid-day trading on Wednesday, hitting $11.68. The stock had a trading volume of 10,356 shares, compared to its average volume of 87,308. RiverNorth Opportunities Fund has a 12-month low of $10.93 and a 12-month high of $12.56. The firm’s 50-day moving average is $11.49 and its two-hundred day moving average is $11.68.
About RiverNorth Opportunities Fund
RiverNorth Opportunities Fund (NYSE:RIV) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. Listed on the New York Stock Exchange, the fund employs an unconstrained, actively managed approach to investing across a broad array of convertible and derivative securities.
The fund’s primary investments include convertible bonds, convertible preferred stocks, synthetic convertible instruments (such as caps, floors and spreads), and related derivative instruments.
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