RiverNorth Opportunities Fund, Inc. (NYSE:RIV) Announces $0.13 Monthly Dividend

RiverNorth Opportunities Fund, Inc. (NYSE:RIV) announced a monthly dividend on Friday, April 4th, Wall Street Journal reports. Shareholders of record on Friday, June 13th will be given a dividend of 0.1277 per share on Monday, June 30th. This represents a $1.53 annualized dividend and a yield of 12.63%. The ex-dividend date of this dividend is Friday, June 13th.

RiverNorth Opportunities Fund Stock Performance

NYSE RIV opened at $12.13 on Wednesday. The company’s fifty day moving average is $11.54 and its two-hundred day moving average is $11.90. RiverNorth Opportunities Fund has a 52-week low of $10.11 and a 52-week high of $12.96.

Institutional Trading of RiverNorth Opportunities Fund

An institutional investor recently raised its position in RiverNorth Opportunities Fund stock. Royal Bank of Canada grew its stake in RiverNorth Opportunities Fund, Inc. (NYSE:RIV) by 25.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 199,111 shares of the company’s stock after purchasing an additional 40,031 shares during the period. Royal Bank of Canada’s holdings in RiverNorth Opportunities Fund were worth $2,348,000 as of its most recent SEC filing.

RiverNorth Opportunities Fund Company Profile

RiverNorth Opportunities Fund, Inc is a close ended equity mutual fund co- launched and co- managed by ALPS Advisors, Inc and RiverNorth Capital Management, LLC. It invests in the equity markets. The fund seeks to invest in stocks of companies operating across the diversified sectors. RiverNorth Opportunities Fund, Inc was formed on December 24, 2015 and is domiciled in the United States.