RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) Plans Monthly Dividend of $0.09

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) declared a monthly dividend on Friday, January 2nd. Investors of record on Friday, February 13th will be paid a dividend of 0.091 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 13.7%. The ex-dividend date is Friday, February 13th.

RiverNorth/DoubleLine Strategic Opportunity Fund Price Performance

Shares of NYSE OPP opened at $7.98 on Wednesday. RiverNorth/DoubleLine Strategic Opportunity Fund has a twelve month low of $7.78 and a twelve month high of $8.82. The firm has a 50-day moving average of $7.89 and a two-hundred day moving average of $8.23.

Institutional Investors Weigh In On RiverNorth/DoubleLine Strategic Opportunity Fund

Several large investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. lifted its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 921.7% during the first quarter. Geneos Wealth Management Inc. now owns 3,525 shares of the company’s stock valued at $30,000 after purchasing an additional 3,180 shares during the last quarter. Advisory Services Network LLC acquired a new stake in RiverNorth/DoubleLine Strategic Opportunity Fund during the 3rd quarter worth about $38,000. Bank of America Corp DE lifted its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 198.7% during the third quarter. Bank of America Corp DE now owns 4,681 shares of the company’s stock valued at $40,000 after buying an additional 3,114 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the fourth quarter worth about $45,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 58.0% in the second quarter. PNC Financial Services Group Inc. now owns 7,900 shares of the company’s stock worth $68,000 after buying an additional 2,900 shares during the period.

RiverNorth/DoubleLine Strategic Opportunity Fund Company Profile

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by DoubleLine Capital LP. It invests in fixed income markets. The fund seeks to benchmark the performance of its portfolio against the Barclays Capital U.S. Aggregate Bond Index. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc was formed on December 30, 2010 and is domiciled in the United States.