RiverNorth Opportunities Fund, Inc. (RIV) to Issue Monthly Dividend of $0.13 on February 29th

RiverNorth Opportunities Fund, Inc. (NYSE:RIVGet Free Report) announced a monthly dividend on Thursday, January 4th, Wall Street Journal reports. Investors of record on Thursday, February 15th will be paid a dividend of 0.1289 per share on Thursday, February 29th. This represents a $1.55 annualized dividend and a yield of 13.15%. The ex-dividend date of this dividend is Wednesday, February 14th. This is an increase from RiverNorth Opportunities Fund’s previous monthly dividend of $0.13.

RiverNorth Opportunities Fund has decreased its dividend payment by an average of 10.8% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.

RiverNorth Opportunities Fund Stock Performance

NYSE RIV opened at $11.76 on Monday. RiverNorth Opportunities Fund has a one year low of $9.63 and a one year high of $12.33. The firm’s fifty day moving average is $11.23 and its two-hundred day moving average is $10.92.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RIV. JPMorgan Chase & Co. acquired a new position in RiverNorth Opportunities Fund in the first quarter valued at $25,000. Quarry LP acquired a new position in RiverNorth Opportunities Fund in the first quarter valued at $64,000. Benjamin F. Edwards & Company Inc. increased its stake in RiverNorth Opportunities Fund by 15.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 6,819 shares of the company’s stock valued at $78,000 after purchasing an additional 929 shares during the period. Nomura Holdings Inc. acquired a new position in RiverNorth Opportunities Fund in the first quarter valued at $114,000. Finally, Atria Wealth Solutions Inc. acquired a new position in RiverNorth Opportunities Fund in the fourth quarter valued at $172,000.

RiverNorth Opportunities Fund Company Profile

(Get Free Report)

RiverNorth Opportunities Fund, Inc is a close ended equity mutual fund co- launched and co- managed by ALPS Advisors, Inc and RiverNorth Capital Management, LLC. It invests in the equity markets. The fund seeks to invest in stocks of companies operating across the diversified sectors. RiverNorth Opportunities Fund, Inc was formed on December 24, 2015 and is domiciled in the United States.

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Dividend History for RiverNorth Opportunities Fund (NYSE:RIV)

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