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

RiverNorth Opportunities Fund, Inc. (NYSE:RIV) announced a monthly dividend on Thursday, October 1st. Stockholders of record on Monday, November 16th will be paid a dividend of $0.1306 per share on Monday, November 30th. This represents a $1.57 dividend on an annualized basis and a dividend yield of 14.9%. The ex-dividend date is Monday, November 16th.

RiverNorth Opportunities Fund Stock Performance

NYSE:RIV opened at $10.51 on Friday. The stock’s 50 day moving average price is $10.96 and its two-hundred day moving average price is $11.32. RiverNorth Opportunities Fund has a 12-month low of $10.32 and a 12-month high of $12.15.

RiverNorth Opportunities Fund Company Profile

RiverNorth Opportunities Fund (NYSE: RIV) is a diversified closed-end management investment company. The fund seeks to provide investors with total return through a combination of current income and capital appreciation.

RIV primarily invests in other closed-end funds, exchange-traded funds, business development companies and other income-oriented securities. Its investment approach is designed to identify opportunities where market prices may differ from the underlying value of the assets, while also emphasizing income-producing investments.

The fund is advised by RiverNorth Capital Management, an investment manager specializing in tactical and opportunistic strategies involving closed-end funds and other asset classes.