Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF) to Issue Monthly Dividend of $0.09 on May 31st

Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) announced a monthly dividend on Monday, March 25th, Wall Street Journal reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.087 per share on Friday, May 31st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 9.01%. The ex-dividend date is Tuesday, May 14th.

Cohen & Steers Closed-End Opportunity Fund Stock Up 0.7 %

NYSE FOF opened at $11.59 on Wednesday. The firm’s fifty day moving average price is $11.34 and its two-hundred day moving average price is $10.93. Cohen & Steers Closed-End Opportunity Fund has a 1 year low of $9.59 and a 1 year high of $11.75.

Insiders Place Their Bets

In other news, Portfolio Manager Jeffrey Palma purchased 4,500 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were purchased at an average cost of $11.11 per share, with a total value of $49,995.00. Following the completion of the transaction, the portfolio manager now owns 9,046 shares of the company’s stock, valued at approximately $100,501.06. The transaction was disclosed in a filing with the SEC, which is available through this link.

Hedge Funds Weigh In On Cohen & Steers Closed-End Opportunity Fund

Several large investors have recently modified their holdings of FOF. KB Financial Partners LLC acquired a new position in shares of Cohen & Steers Closed-End Opportunity Fund in the first quarter valued at about $35,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Cohen & Steers Closed-End Opportunity Fund during the third quarter worth $105,000. Ancora Advisors LLC lifted its holdings in Cohen & Steers Closed-End Opportunity Fund by 876.0% in the first quarter. Ancora Advisors LLC now owns 9,760 shares of the company’s stock valued at $130,000 after buying an additional 8,760 shares during the period. SFI Advisors LLC raised its holdings in shares of Cohen & Steers Closed-End Opportunity Fund by 14.1% during the first quarter. SFI Advisors LLC now owns 12,084 shares of the company’s stock valued at $132,000 after purchasing an additional 1,496 shares during the period. Finally, Bank of Montreal Can acquired a new position in shares of Cohen & Steers Closed-End Opportunity Fund during the second quarter valued at about $160,000.

About Cohen & Steers Closed-End Opportunity Fund

Cohen & Steers Closed-End Opportunity Fund, Inc is a close-ended fund of funds launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in funds investing in public equity markets. It also invests in funds investing in convertible securities, preferred securities, high yield securities and real estate, energy, utility, and other equity or income-oriented strategies.