RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) to Issue $0.10 Dividend

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) declared a dividend on Tuesday, July 8th, investing.com reports. Shareholders of record on Wednesday, July 16th will be paid a dividend of 0.095 per share on Thursday, July 31st. This represents a yield of 13.44%. The ex-dividend date is Tuesday, July 15th.

RiverNorth/DoubleLine Strategic Opportunity Fund Price Performance

Shares of NYSE:OPP opened at $8.45 on Wednesday. The firm has a fifty day moving average price of $8.42 and a two-hundred day moving average price of $8.45. RiverNorth/DoubleLine Strategic Opportunity Fund has a one year low of $7.91 and a one year high of $9.30.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RiverNorth/DoubleLine Strategic Opportunity Fund stock. Geneos Wealth Management Inc. grew its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) by 921.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,525 shares of the company’s stock after buying an additional 3,180 shares during the quarter. Geneos Wealth Management Inc.’s holdings in RiverNorth/DoubleLine Strategic Opportunity Fund were worth $30,000 at the end of the most recent quarter.

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.