RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP – Get Free Report) declared a monthly dividend on Tuesday, October 1st,Wall Street Journal reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.1003 per share on Friday, November 29th. This represents a $1.20 annualized dividend and a dividend yield of 14.14%. The ex-dividend date is Friday, November 15th.
RiverNorth/DoubleLine Strategic Opportunity Fund has raised its dividend payment by an average of 4.1% annually over the last three years.
RiverNorth/DoubleLine Strategic Opportunity Fund Price Performance
Shares of NYSE OPP traded up $0.01 during midday trading on Thursday, reaching $8.51. 160,606 shares of the stock were exchanged, compared to its average volume of 102,202. The firm has a 50-day simple moving average of $8.93 and a two-hundred day simple moving average of $8.77. RiverNorth/DoubleLine Strategic Opportunity Fund has a twelve month low of $7.78 and a twelve month high of $9.30.
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.
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