Special Opportunities Fund, Inc. (NYSE:SPE) Increases Dividend to $0.11 Per Share

Special Opportunities Fund, Inc. (NYSE:SPE) declared a monthly dividend on Monday, January 6th,NASDAQ Dividends reports. Stockholders of record on Tuesday, January 21st will be given a dividend of 0.1098 per share by the closed-end fund on Friday, January 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.78%. The ex-dividend date of this dividend is Tuesday, January 21st. This is a boost from Special Opportunities Fund’s previous monthly dividend of $0.10.

Special Opportunities Fund has raised its dividend payment by an average of 16.5% per year over the last three years.

Special Opportunities Fund Trading Up 0.1 %

Shares of SPE traded up $0.01 during mid-day trading on Tuesday, reaching $15.00. 34,382 shares of the company’s stock traded hands, compared to its average volume of 34,096. The stock’s 50-day moving average is $14.97 and its two-hundred day moving average is $14.13. Special Opportunities Fund has a 12 month low of $11.83 and a 12 month high of $15.74.

Special Opportunities Fund Company Profile

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.