RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) Plans $0.10 Monthly Dividend

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) declared a monthly dividend on Wednesday, July 3rd, Wall Street Journal reports. Shareholders of record on Thursday, August 15th will be given a dividend of 0.1003 per share on Friday, August 30th. This represents a $1.20 annualized dividend and a yield of 13.90%. The ex-dividend date of this dividend is Thursday, August 15th.

RiverNorth/DoubleLine Strategic Opportunity Fund has raised its dividend payment by an average of 4.1% annually over the last three years.

RiverNorth/DoubleLine Strategic Opportunity Fund Trading Up 0.2 %

Shares of OPP traded up $0.02 during mid-day trading on Wednesday, reaching $8.66. The company had a trading volume of 45,873 shares, compared to its average volume of 92,468. RiverNorth/DoubleLine Strategic Opportunity Fund has a twelve month low of $7.26 and a twelve month high of $8.83. The company’s 50-day moving average is $8.53 and its 200-day moving average is $8.42.

RiverNorth/DoubleLine Strategic Opportunity Fund Company Profile

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.