Rivernorth Opportunities Fund Inc (RIV) to Issue $0.21 Monthly Dividend
Rivernorth Opportunities Fund Inc (NYSE:RIV) declared a monthly dividend on Friday, January 26th, Wall Street Journal reports. Shareholders of record on Friday, February 16th will be paid a dividend of 0.21 per share on Wednesday, February 28th. This represents a $2.52 annualized dividend and a yield of 12.12%. The ex-dividend date of this dividend is Thursday, February 15th.
Rivernorth Opportunities Fund (NYSE RIV) opened at $20.80 on Wednesday. Rivernorth Opportunities Fund has a twelve month low of $19.10 and a twelve month high of $21.57.
In other Rivernorth Opportunities Fund news, insider Rivernorth Capital Management, sold 13,442 shares of Rivernorth Opportunities Fund stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $19.75, for a total transaction of $265,479.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 40,442 shares of company stock worth $816,160 over the last ninety days.
Rivernorth Opportunities Fund Company Profile
Rivernorth Opportunities Fund, Inc (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is total return consisting of capital appreciation and current income. The Fund seeks to achieve its investment objective by pursuing a tactical asset allocation strategy and opportunistically investing under normal circumstances in closed-end funds and exchange-traded funds (ETFs, and collectively, Underlying Funds).
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