RiverNorth Opportunities Fund, Inc. (NYSE:RIV) Plans $0.13 Monthly Dividend

RiverNorth Opportunities Fund, Inc. (NYSE:RIV) declared a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Investors of record on Friday, March 14th will be paid a dividend of 0.1277 per share on Monday, March 31st. This represents a $1.53 annualized dividend and a dividend yield of 12.76%. The ex-dividend date is Friday, March 14th.

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 RIV stock opened at $12.01 on Friday. RiverNorth Opportunities Fund has a 52 week low of $11.00 and a 52 week high of $12.96. The company’s 50 day moving average price is $12.30 and its two-hundred day moving average price is $12.37.

RiverNorth Opportunities Fund Company Profile

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.