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

RiverNorth Opportunities Fund, Inc. (NYSE:RIV) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Friday, February 13th will be given a dividend of 0.1306 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 13.0%. The ex-dividend date is Friday, February 13th.

RiverNorth Opportunities Fund Stock Performance

RIV stock traded down $0.02 during midday trading on Wednesday, hitting $12.10. The company’s stock had a trading volume of 44,825 shares, compared to its average volume of 107,771. The firm has a 50-day simple moving average of $11.86 and a 200-day simple moving average of $11.93. RiverNorth Opportunities Fund has a 52-week low of $10.11 and a 52-week high of $12.56.

RiverNorth Opportunities Fund Company Profile

RiverNorth Opportunities Fund (NYSE:RIV) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. Listed on the New York Stock Exchange, the fund employs an unconstrained, actively managed approach to investing across a broad array of convertible and derivative securities.

The fund’s primary investments include convertible bonds, convertible preferred stocks, synthetic convertible instruments (such as caps, floors and spreads), and related derivative instruments.