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

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

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

RiverNorth/DoubleLine Strategic Opportunity Fund Price Performance

Shares of RiverNorth/DoubleLine Strategic Opportunity Fund stock traded up $0.11 during trading hours on Friday, reaching $8.55. The company had a trading volume of 145,175 shares, compared to its average volume of 144,587. RiverNorth/DoubleLine Strategic Opportunity Fund has a one year low of $8.11 and a one year high of $9.30. The business has a fifty day simple moving average of $8.50 and a 200 day simple moving average of $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.