Special Opportunities Fund, Inc. (NYSE:SPE) Increases Dividend to $0.11 Per Share

Special Opportunities Fund, Inc. (NYSE:SPE) announced a dividend on Sunday, January 19th,investing.com reports. Investors of record on Wednesday, January 22nd will be paid a dividend of 0.1098 per share by the closed-end fund on Friday, January 31st. This represents a yield of 8.76%. The ex-dividend date is Tuesday, January 21st. This is an increase from Special Opportunities Fund’s previous dividend of $0.10.

Special Opportunities Fund has raised its dividend by an average of 1.3% per year over the last three years.

Special Opportunities Fund Stock Performance

Special Opportunities Fund stock traded up $0.04 on Friday, hitting $15.05. 37,361 shares of the stock traded hands, compared to its average volume of 33,587. Special Opportunities Fund has a 1 year low of $11.83 and a 1 year high of $15.74. The business’s fifty day simple moving average is $14.99 and its 200 day simple moving average is $14.24.

About Special Opportunities Fund

Special Opportunities Fund, Inc is a close-ended balanced fund of funds launched and managed by Bulldog Investors, LLC. It invests in close-ended funds investing in public equity and fixed income markets. The fund employs a combination of value, opportunistic and special situations strategies to make its investments.