Rivernorth Opportunities Fund Inc (NYSE:RIV) declared a monthly dividend on Friday, January 26th, Wall Street Journal reports. Stockholders of record on Friday, February 16th will be given a dividend of 0.21 per share on Wednesday, February 28th. This represents a $2.52 annualized dividend and a dividend yield of 12.03%. The ex-dividend date is Thursday, February 15th.
Shares of Rivernorth Opportunities Fund (NYSE:RIV) traded up $0.13 during trading hours on Friday, reaching $20.95. The company had a trading volume of 51,393 shares, compared to its average volume of 66,811. Rivernorth Opportunities Fund has a 52 week low of $19.10 and a 52 week high of $21.57.
In related news, insider Rivernorth Capital Management, sold 13,442 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $19.75, for a total transaction of $265,479.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 40,442 shares of company stock worth $816,160.
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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