RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP – Get Free Report) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Friday, June 13th will be given a dividend of 0.095 per share on Monday, June 30th. This represents a $1.14 annualized dividend and a yield of 13.78%. The ex-dividend date is Friday, June 13th.
RiverNorth/DoubleLine Strategic Opportunity Fund has raised its dividend payment by an average of 5.5% annually over the last three years.
RiverNorth/DoubleLine Strategic Opportunity Fund Stock Down 3.6 %
OPP opened at $8.28 on Friday. The stock has a 50-day moving average price of $8.60 and a 200-day moving average price of $8.62. RiverNorth/DoubleLine Strategic Opportunity Fund has a 1 year low of $8.11 and a 1 year high of $9.30.
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.
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