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

RiverNorth Opportunities Fund, Inc. (NYSE:RIV) declared a monthly dividend on Thursday, October 1st. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.1306 per share on Thursday, December 31st. This represents a $1.57 annualized dividend and a dividend yield of 15.0%. The ex-dividend date of this dividend is Tuesday, December 15th.

RiverNorth Opportunities Fund Stock Performance

Shares of RIV traded up $0.06 during midday trading on Friday, reaching $10.45. The stock had a trading volume of 10,413 shares, compared to its average volume of 97,065. The firm has a 50 day simple moving average of $10.96 and a 200-day simple moving average of $11.32. RiverNorth Opportunities Fund has a one year low of $10.32 and a one year high of $12.15.

About RiverNorth Opportunities Fund

RiverNorth Opportunities Fund (NYSE: RIV) is a diversified closed-end management investment company. The fund seeks to provide investors with total return through a combination of current income and capital appreciation.

RIV primarily invests in other closed-end funds, exchange-traded funds, business development companies and other income-oriented securities. Its investment approach is designed to identify opportunities where market prices may differ from the underlying value of the assets, while also emphasizing income-producing investments.

The fund is advised by RiverNorth Capital Management, an investment manager specializing in tactical and opportunistic strategies involving closed-end funds and other asset classes.