Rivernorth Opportunities Fund Inc to Issue Monthly Dividend of $0.17 (NYSE:RIV)
Rivernorth Opportunities Fund Inc (NYSE:RIV) declared a monthly dividend on Friday, April 5th, Wall Street Journal reports. Stockholders of record on Wednesday, July 17th will be paid a dividend of 0.17 per share on Wednesday, July 31st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 11.68%. The ex-dividend date is Tuesday, July 16th.
Shares of NYSE:RIV opened at $17.46 on Monday. The company has a 50-day simple moving average of $17.05. Rivernorth Opportunities Fund has a 1 year low of $14.20 and a 1 year high of $20.99.
In related news, insider Brian H. Schmucker sold 11,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $17.06, for a total transaction of $187,660.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Rivernorth Capital Management, sold 5,500 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $17.22, for a total value of $94,710.00. The disclosure for this sale can be found here. Insiders sold a total of 53,065 shares of company stock worth $909,208 over the last three months.
There is no company description available for RiverNorth Opportunities.
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