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

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) declared a monthly dividend on Wednesday, July 1st. Investors of record on Tuesday, September 15th will be paid a dividend of 0.091 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 14.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Performance

Shares of NYSE OPP opened at $7.68 on Thursday. RiverNorth/DoubleLine Strategic Opportunity Fund has a 52-week low of $7.47 and a 52-week high of $8.82. The firm has a 50 day moving average price of $7.67 and a 200 day moving average price of $7.76.

Hedge Funds Weigh In On RiverNorth/DoubleLine Strategic Opportunity Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Yakira Capital Management Inc. acquired a new stake in RiverNorth/DoubleLine Strategic Opportunity Fund during the 4th quarter worth $752,000. PFG Investments LLC lifted its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 218.4% during the fourth quarter. PFG Investments LLC now owns 136,424 shares of the company’s stock worth $1,085,000 after acquiring an additional 93,573 shares in the last quarter. Riverbridge Partners LLC grew its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 262.6% in the fourth quarter. Riverbridge Partners LLC now owns 224,106 shares of the company’s stock valued at $1,782,000 after acquiring an additional 162,298 shares during the period. Sit Investment Associates Inc. acquired a new position in RiverNorth/DoubleLine Strategic Opportunity Fund in the fourth quarter valued at about $1,894,000. Finally, 1607 Capital Partners LLC increased its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 453.6% in the fourth quarter. 1607 Capital Partners LLC now owns 178,157 shares of the company’s stock worth $1,416,000 after acquiring an additional 145,973 shares in the last quarter.

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.