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

RiverNorth Opportunities Fund, Inc. (NYSE:RIV) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Friday, June 13th will be given a dividend of 0.1277 per share on Monday, June 30th. This represents a $1.53 dividend on an annualized basis and a yield of 12.96%. The ex-dividend date of this dividend is Friday, June 13th.

RiverNorth Opportunities Fund has decreased its dividend by an average of 8.8% per year over the last three years.

RiverNorth Opportunities Fund Trading Down 0.9 %

Shares of RIV traded down $0.11 during mid-day trading on Thursday, reaching $11.82. The company’s stock had a trading volume of 77,009 shares, compared to its average volume of 80,784. The company’s fifty day moving average price is $12.07 and its two-hundred day moving average price is $12.28. RiverNorth Opportunities Fund has a 52 week low of $11.20 and a 52 week 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.