RiverNorth Opportunities Fund, Inc. (RIV) to Issue Monthly Dividend of $0.13 on November 29th

RiverNorth Opportunities Fund, Inc. (NYSE:RIV) announced a monthly dividend on Tuesday, October 1st,Wall Street Journal reports. Investors of record on Friday, November 15th will be given a dividend of 0.1289 per share on Friday, November 29th. This represents a $1.55 annualized dividend and a yield of 12.24%. The ex-dividend date is Friday, November 15th.

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

RiverNorth Opportunities Fund Stock Performance

Shares of NYSE RIV traded up $0.06 during trading hours on Thursday, hitting $12.64. 107,433 shares of the stock were exchanged, compared to its average volume of 81,728. RiverNorth Opportunities Fund has a 1-year low of $10.34 and a 1-year high of $12.96. The company’s fifty day simple moving average is $12.62 and its two-hundred day simple moving average is $12.35.

About RiverNorth Opportunities Fund

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.