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

RiverNorth Opportunities Fund, Inc. (NYSE:RIV) declared a monthly dividend on Monday, April 1st, NASDAQ reports. Investors of record on Monday, April 15th will be given a dividend of 0.1289 per share on Tuesday, April 30th. This represents a $1.55 dividend on an annualized basis and a yield of 12.89%. The ex-dividend date of this dividend is Friday, April 12th.

RiverNorth Opportunities Fund has decreased its dividend by an average of 10.8% per year over the last three years and has increased its dividend every year for the last 1 years.

RiverNorth Opportunities Fund Stock Down 0.2 %

RiverNorth Opportunities Fund stock traded down $0.02 during mid-day trading on Wednesday, reaching $12.00. The company’s stock had a trading volume of 68,167 shares, compared to its average volume of 84,310. RiverNorth Opportunities Fund has a 12-month low of $9.63 and a 12-month high of $12.43. The firm’s fifty day moving average price is $11.77 and its two-hundred day moving average price is $11.06.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. purchased a new position in shares of RiverNorth Opportunities Fund during the 1st quarter valued at $25,000. Quarry LP bought a new stake in shares of RiverNorth Opportunities Fund during the 1st quarter worth $64,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of RiverNorth Opportunities Fund by 15.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 6,819 shares of the company’s stock worth $78,000 after acquiring an additional 929 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of RiverNorth Opportunities Fund during the 1st quarter worth $114,000. Finally, Private Advisor Group LLC bought a new stake in shares of RiverNorth Opportunities Fund during the 1st quarter worth $220,000.

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.