RiverNorth Opportunities Fund, Inc. Plans Monthly Dividend of $0.17 (NYSE:RIV)

RiverNorth Opportunities Fund, Inc. (NYSE:RIVGet Rating) declared a monthly dividend on Monday, June 6th, Wall Street Journal reports. Investors of record on Friday, September 16th will be paid a dividend of 0.17 per share on Friday, September 30th. This represents a $2.04 dividend on an annualized basis and a yield of 13.66%. The ex-dividend date is Thursday, September 15th.

RiverNorth Opportunities Fund has decreased its dividend by an average of 4.1% per year over the last three years.

NYSE RIV traded up $0.15 on Monday, reaching $14.93. The company had a trading volume of 106,409 shares, compared to its average volume of 131,460. RiverNorth Opportunities Fund has a 1-year low of $12.80 and a 1-year high of $18.75. The company’s fifty day moving average is $14.94 and its 200-day moving average is $15.76.

A number of hedge funds and other institutional investors have recently made changes to their positions in RIV. Morgan Stanley boosted its stake in RiverNorth Opportunities Fund by 22.9% in the 2nd quarter. Morgan Stanley now owns 1,051,996 shares of the company’s stock worth $19,315,000 after purchasing an additional 195,857 shares during the period. LPL Financial LLC boosted its stake in shares of RiverNorth Opportunities Fund by 294.3% during the 4th quarter. LPL Financial LLC now owns 90,967 shares of the company’s stock worth $1,451,000 after buying an additional 67,895 shares during the last quarter. NewEdge Advisors LLC acquired a new position in shares of RiverNorth Opportunities Fund during the 4th quarter worth about $849,000. Bank of Montreal Can acquired a new position in shares of RiverNorth Opportunities Fund during the 1st quarter worth about $563,000. Finally, Baird Financial Group Inc. boosted its stake in shares of RiverNorth Opportunities Fund by 61.5% during the 1st quarter. Baird Financial Group Inc. now owns 89,936 shares of the company’s stock worth $1,436,000 after buying an additional 34,254 shares during the last quarter.

About RiverNorth Opportunities Fund (Get Rating)

RiverNorth Opportunities Fund, Inc was founded in 2015 and is headquartered in Chicago, Illinois.

Further Reading

Dividend History for RiverNorth Opportunities Fund (NYSE:RIV)

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