RiverNorth Opportunities Fund, Inc. (NYSE:RIV – Get Free Report) announced a monthly dividend on Wednesday, July 1st. Shareholders of record on Friday, August 14th will be given a dividend of 0.1306 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 13.3%. The ex-dividend date of this dividend is Friday, August 14th.
RiverNorth Opportunities Fund Stock Up 0.9%
NYSE RIV opened at $11.74 on Thursday. The company has a fifty day simple moving average of $11.59 and a two-hundred day simple moving average of $11.67. RiverNorth Opportunities Fund has a 12-month low of $10.93 and a 12-month high of $12.56.
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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