Special Opportunities Fund, Inc. (NYSE:SPE) to Issue Dividend Increase – $0.11 Per Share

Special Opportunities Fund, Inc. (NYSE:SPE) declared a monthly dividend on Tuesday, January 7th,Wall Street Journal reports. Shareholders of record on Tuesday, March 18th will be given a dividend of 0.1098 per share by the closed-end fund on Monday, March 31st. This represents a $1.32 annualized dividend and a yield of 8.78%. The ex-dividend date is Tuesday, March 18th. This is an increase from Special Opportunities Fund’s previous monthly dividend of $0.10.

Special Opportunities Fund has increased its dividend by an average of 16.5% per year over the last three years.

Special Opportunities Fund Price Performance

SPE stock opened at $15.00 on Wednesday. The business has a 50 day simple moving average of $14.97 and a 200-day simple moving average of $14.13. Special Opportunities Fund has a twelve month low of $11.83 and a twelve month high of $15.74.

Special Opportunities Fund Company Profile

Special Opportunities Fund, Inc is a close-ended balanced fund of funds launched and managed by Bulldog Investors, LLC. It invests in close-ended funds investing in public equity and fixed income markets. The fund employs a combination of value, opportunistic and special situations strategies to make its investments.