RiverNorth Opportunities Fund, Inc. (NYSE:RIV) to Issue Dividend of $0.13

RiverNorth Opportunities Fund, Inc. (NYSE:RIV) declared a dividend on Tuesday, July 8th, investing.com reports. Shareholders of record on Wednesday, July 16th will be paid a dividend of 0.1277 per share on Thursday, July 31st. This represents a yield of 12.48%. The ex-dividend date of this dividend is Tuesday, July 15th.

RiverNorth Opportunities Fund Stock Performance

Shares of RIV opened at $12.25 on Wednesday. RiverNorth Opportunities Fund has a one year low of $10.11 and a one year high of $12.96. The firm has a 50 day simple moving average of $12.02 and a two-hundred day simple moving average of $11.86.

Institutional Inflows and Outflows

An institutional investor recently raised its position in RiverNorth Opportunities Fund stock. Royal Bank of Canada raised its position in shares of RiverNorth Opportunities Fund, Inc. (NYSE:RIV) by 25.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

About RiverNorth Opportunities Fund

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.