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.

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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).

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