Special Opportunities Fund, Inc. Announces Monthly Dividend of $0.10 (NYSE:SPE)

Special Opportunities Fund, Inc. (NYSE:SPE) announced a monthly dividend on Monday, April 8th, Wall Street Journal reports. Shareholders of record on Tuesday, May 21st will be paid a dividend of 0.0954 per share by the closed-end fund on Friday, May 31st. This represents a $1.14 annualized dividend and a dividend yield of 9.02%. The ex-dividend date is Monday, May 20th.

Special Opportunities Fund has decreased its dividend by an average of 2.7% per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

Special Opportunities Fund Stock Performance

Shares of SPE opened at $12.69 on Tuesday. The stock’s fifty day moving average price is $12.33 and its two-hundred day moving average price is $11.67. Special Opportunities Fund has a 1 year low of $10.26 and a 1 year high of $12.73.

Institutional Trading of Special Opportunities Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP bought a new stake in shares of Special Opportunities Fund during the 4th quarter valued at $26,000. NewEdge Advisors LLC bought a new stake in shares of Special Opportunities Fund during the 2nd quarter valued at $145,000. Susquehanna International Group LLP bought a new stake in shares of Special Opportunities Fund during the 4th quarter valued at $157,000. Private Advisor Group LLC bought a new position in Special Opportunities Fund in the 1st quarter worth about $158,000. Finally, HighTower Advisors LLC bought a new position in Special Opportunities Fund in the 3rd quarter worth about $170,000. 35.60% of the stock is currently owned by institutional investors.

About Special Opportunities Fund

Special Opportunities Fund, Inc is a close-ended balanced fund of funds launched and managed by Bulldog Investors, LLC. It invests in close-ended funds investing in public equity and fixed income markets. The fund employs a combination of value, opportunistic and special situations strategies to make its investments.