RIVERNORTH DO/COM (NYSE:OPP) announced a monthly dividend on Tuesday, January 8th, Wall Street Journal reports. Shareholders of record on Thursday, January 17th will be paid a dividend of 0.1833 per share on Thursday, January 31st. This represents a $2.20 annualized dividend and a yield of 13.14%. The ex-dividend date is Wednesday, January 16th.
Shares of NYSE OPP opened at $16.74 on Wednesday. RIVERNORTH DO/COM has a fifty-two week low of $14.30 and a fifty-two week high of $18.59.
In other news, President Patrick W. Galley acquired 7,333 shares of RIVERNORTH DO/COM stock in a transaction dated Thursday, December 20th. The stock was purchased at an average cost of $15.33 per share, for a total transaction of $112,414.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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RiverNorth/DoubleLine Strategic Opportunity Fund, Inc is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by DoubleLine Capital LP. It invests in fixed income markets. The fund seeks to benchmark the performance of its portfolio against the Barclays Capital U.S.
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