Rivernorth Opportunities Fund Inc (RIV) Declares Monthly Dividend of $0.21
Rivernorth Opportunities Fund Inc (NYSE:RIV) announced a monthly dividend on Monday, July 3rd, NASDAQ reports. Shareholders of record on Friday, October 13th will be given a dividend of 0.21 per share on Thursday, October 26th. This represents a $2.52 dividend on an annualized basis and a yield of 11.97%. The ex-dividend date is Thursday, October 12th.
Rivernorth Opportunities Fund (RIV) traded down 3.2063% during midday trading on Wednesday, reaching $20.1089. The company’s stock had a trading volume of 155,094 shares. The stock’s 50-day moving average price is $20.72 and its 200-day moving average price is $20.72. Rivernorth Opportunities Fund has a 12 month low of $18.29 and a 12 month high of $21.57. The firm’s market capitalization is $75.51 million.
In related news, insider Rivernorth Capital Management, sold 7,000 shares of the stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $20.72, for a total transaction of $145,040.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
ILLEGAL ACTIVITY WARNING: This story was first posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/10/11/rivernorth-opportunities-fund-inc-riv-declares-monthly-dividend-of-0-21.html.
About Rivernorth Opportunities Fund
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).
Receive News & Ratings for Rivernorth Opportunities Fund Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rivernorth Opportunities Fund Inc and related companies with MarketBeat.com's FREE daily email newsletter.