RiverNorth Opportunities Fund, Inc. (NYSE:RIV) to Issue Monthly Dividend of $0.13

RiverNorth Opportunities Fund, Inc. (NYSE:RIV) announced a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Investors of record on Friday, March 14th will be paid a dividend of 0.1277 per share on Monday, March 31st. This represents a $1.53 annualized dividend and a dividend yield of 12.76%. The ex-dividend date of this dividend is Friday, March 14th.

RiverNorth Opportunities Fund has raised its dividend by an average of 19.4% per year over the last three years.

RiverNorth Opportunities Fund Trading Up 1.7 %

RIV stock traded up $0.20 during mid-day trading on Friday, reaching $12.01. The company’s stock had a trading volume of 104,028 shares, compared to its average volume of 116,614. RiverNorth Opportunities Fund has a 12 month low of $11.00 and a 12 month high of $12.96. The business’s 50 day moving average price is $12.32 and its 200 day moving average price is $12.37.

RiverNorth Opportunities Fund Company Profile

RiverNorth Opportunities Fund, Inc is a close ended equity mutual fund co- launched and co- managed by ALPS Advisors, Inc and RiverNorth Capital Management, LLC. It invests in the equity markets. The fund seeks to invest in stocks of companies operating across the diversified sectors. RiverNorth Opportunities Fund, Inc was formed on December 24, 2015 and is domiciled in the United States.