RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) Shareholders to Get $0.09 Monthly Dividend

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) announced a monthly dividend on Thursday, October 1st. Investors of record on Tuesday, December 15th will be paid a dividend of $0.0910 per share on Thursday, December 31st. This represents a $1.09 dividend on an annualized basis and a dividend yield of 15.6%. The ex-dividend date is Tuesday, December 15th.

RiverNorth/DoubleLine Strategic Opportunity Fund Price Performance

Shares of NYSE:OPP traded up $0.09 during midday trading on Friday, reaching $7.00. The company had a trading volume of 2,259 shares, compared to its average volume of 95,377. The company’s 50 day moving average price is $7.39 and its 200 day moving average price is $7.58. RiverNorth/DoubleLine Strategic Opportunity Fund has a 52-week low of $6.82 and a 52-week high of $8.59.

Institutional Investors Weigh In On RiverNorth/DoubleLine Strategic Opportunity Fund

Several institutional investors have recently made changes to their positions in the stock. Sit Investment Associates Inc. bought a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the fourth quarter worth $1,894,000. Riverbridge Partners LLC grew its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 5.8% during the 1st quarter. Riverbridge Partners LLC now owns 237,095 shares of the company’s stock valued at $1,819,000 after buying an additional 12,989 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 6.1% during the 2nd quarter. NewEdge Advisors LLC now owns 186,728 shares of the company’s stock valued at $1,442,000 after purchasing an additional 10,687 shares in the last quarter. 1607 Capital Partners LLC increased its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 453.6% in the 4th quarter. 1607 Capital Partners LLC now owns 178,157 shares of the company’s stock worth $1,416,000 after acquiring an additional 145,973 shares during the last quarter. Finally, PFG Investments LLC raised its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 1.0% in the first quarter. PFG Investments LLC now owns 137,792 shares of the company’s stock valued at $1,057,000 after purchasing an additional 1,368 shares in the last quarter.

About RiverNorth/DoubleLine Strategic Opportunity Fund

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by DoubleLine Capital LP. It invests in fixed income markets. The fund seeks to benchmark the performance of its portfolio against the Barclays Capital U.S. Aggregate Bond Index. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc was formed on December 30, 2010 and is domiciled in the United States.