RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Declares Monthly Dividend of $0.10 (NYSE:OPP)

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) announced a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.095 per share on Monday, March 31st. This represents a $1.14 dividend on an annualized basis and a dividend yield of 13.33%. The ex-dividend date is Friday, March 14th.

RiverNorth/DoubleLine Strategic Opportunity Fund has raised its dividend by an average of 4.1% per year over the last three years.

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Up 1.3 %

NYSE:OPP traded up $0.11 during trading hours on Friday, reaching $8.55. 145,175 shares of the company traded hands, compared to its average volume of 144,587. RiverNorth/DoubleLine Strategic Opportunity Fund has a 1 year low of $8.11 and a 1 year high of $9.30. The business’s 50-day moving average price is $8.50 and its two-hundred day moving average price is $8.75.

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.