RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) Shares Will Pay Monthly Dividend of $0.09

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) declared a monthly dividend on Thursday, October 1st. Shareholders of record on Monday, November 16th will be paid a dividend of $0.0910 per share on Monday, November 30th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 15.7%. The ex-dividend date is Monday, November 16th.

RiverNorth/DoubleLine Strategic Opportunity Fund Price Performance

Shares of RiverNorth/DoubleLine Strategic Opportunity Fund stock opened at $6.96 on Friday. RiverNorth/DoubleLine Strategic Opportunity Fund has a fifty-two week low of $6.82 and a fifty-two week high of $8.59. The business’s fifty day moving average is $7.39 and its two-hundred day moving average is $7.58.

Institutional Trading of RiverNorth/DoubleLine Strategic Opportunity Fund

Hedge funds have recently added to or reduced their stakes in the business. Global Retirement Partners LLC acquired a new stake in RiverNorth/DoubleLine Strategic Opportunity Fund in the 2nd quarter worth about $52,000. Ausdal Financial Partners Inc. acquired a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the 2nd quarter valued at about $99,000. Advisory Solutions Group LLC purchased a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the 2nd quarter worth about $105,000. Almitas Capital LLC purchased a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the 2nd quarter worth about $112,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the first quarter worth approximately $126,000.

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. Aggregate Bond Index. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc was formed on December 30, 2010 and is domiciled in the United States.