Rivernorth Opportunities Fund Inc (NYSE:RIV) announced a monthly dividend on Thursday, July 19th, Wall Street Journal reports. Investors of record on Wednesday, October 17th will be given a dividend of 0.21 per share on Wednesday, October 31st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 12.97%. The ex-dividend date of this dividend is Tuesday, October 16th.
Shares of RIV traded down $1.26 on Thursday, reaching $19.43. The stock had a trading volume of 356,688 shares, compared to its average volume of 46,741. Rivernorth Opportunities Fund has a twelve month low of $18.97 and a twelve month high of $21.63.
Get Rivernorth Opportunities Fund alerts:In related news, insider Rivernorth Capital Management, sold 10,445 shares of the company’s stock in a transaction that occurred on Monday, June 4th. The stock was sold at an average price of $21.37, for a total value of $223,209.65. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders sold 38,833 shares of company stock worth $829,917.
About Rivernorth Opportunities Fund
Rivernorth Opportunities Fund, Inc (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is total return consisting of capital appreciation and current income. The Fund seeks to achieve its investment objective by pursuing a tactical asset allocation strategy and opportunistically investing under normal circumstances in closed-end funds and exchange-traded funds (ETFs, and collectively, Underlying Funds).
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