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

RiverNorth Opportunities Fund, Inc. (NYSE:RIV) announced a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.1277 per share on Friday, January 31st. This represents a $1.53 annualized dividend and a dividend yield of 12.76%. The ex-dividend date of this dividend is Wednesday, January 15th.

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

RiverNorth Opportunities Fund Price Performance

Shares of NYSE:RIV traded up $0.20 during midday trading on Friday, reaching $12.01. 104,028 shares of the company were exchanged, compared to its average volume of 116,614. The business’s fifty day moving average is $12.30 and its two-hundred day moving average is $12.37. RiverNorth Opportunities Fund has a one year low of $11.00 and a one year high of $12.96.

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.