RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP – Get Free Report) announced a monthly dividend on Friday, April 4th, Wall Street Journal reports. Shareholders of record on Friday, June 13th will be paid a dividend of 0.095 per share on Monday, June 30th. This represents a $1.14 dividend on an annualized basis and a yield of 13.78%. The ex-dividend date of this dividend is Friday, June 13th.
RiverNorth/DoubleLine Strategic Opportunity Fund has raised its dividend payment by an average of 5.5% annually over the last three years.
RiverNorth/DoubleLine Strategic Opportunity Fund Stock Performance
OPP stock opened at $8.28 on Friday. RiverNorth/DoubleLine Strategic Opportunity Fund has a twelve month low of $8.11 and a twelve month high of $9.30. The stock’s 50 day moving average is $8.60 and its 200-day moving average is $8.62.
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.
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