Rivernorth Opportunities Fund Inc (RIV) Announces Monthly Dividend of $0.21

Rivernorth Opportunities Fund Inc (NYSE:RIV) announced a monthly dividend on Friday, October 27th, Wall Street Journal reports. Investors of record on Friday, November 17th will be given a dividend of 0.21 per share on Thursday, November 30th. This represents a $2.52 dividend on an annualized basis and a yield of 12.06%. The ex-dividend date of this dividend is Thursday, November 16th.

Shares of Rivernorth Opportunities Fund (NYSE:RIV) opened at 20.86 on Friday. Rivernorth Opportunities Fund has a 52-week low of $18.00 and a 52-week high of $21.57. The company has a 50-day moving average of $20.34 and a 200-day moving average of $20.40.

In other news, insider Rivernorth Capital Management, sold 14,374 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $21.01, for a total value of $301,997.74. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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Rivernorth Opportunities Fund Company Profile

Rivernorth Opportunities Fund, Inc (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is total return consisting of capital appreciation and current income. The Fund seeks to achieve its investment objective by pursuing a tactical asset allocation strategy and opportunistically investing under normal circumstances in closed-end funds and exchange-traded funds (ETFs, and collectively, Underlying Funds).

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