RiverNorth Opportunities Fund, Inc. (NYSE:RIV) Raises Dividend to $0.13 Per Share

RiverNorth Opportunities Fund, Inc. (NYSE:RIVGet Free Report) announced a monthly dividend on Thursday, January 4th, Wall Street Journal reports. Shareholders 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 a boost 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 increased its dividend every year for the last 1 years.

RiverNorth Opportunities Fund Stock Performance

Shares of RIV stock opened at $11.76 on Monday. The company’s 50 day moving average price is $11.23 and its two-hundred day moving average price is $10.92. RiverNorth Opportunities Fund has a 52 week low of $9.63 and a 52 week high of $12.33.

Hedge Funds Weigh In On RiverNorth Opportunities Fund

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. bought a new position in shares of RiverNorth Opportunities Fund during the 1st quarter worth approximately $25,000. Quarry LP bought a new position in shares of RiverNorth Opportunities Fund during the 1st quarter worth approximately $64,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of RiverNorth Opportunities Fund by 15.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 6,819 shares of the company’s stock worth $78,000 after acquiring an additional 929 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of RiverNorth Opportunities Fund during the 1st quarter worth approximately $114,000. Finally, Atria Wealth Solutions Inc. bought a new position in shares of RiverNorth Opportunities Fund during the 4th quarter worth approximately $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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