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

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) announced a monthly dividend on Thursday, October 3rd, Wall Street Journal reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.1003 per share on Friday, November 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 13.23%. The ex-dividend date is Friday, November 15th.

RiverNorth/DoubleLine Strategic Opportunity Fund has increased its dividend payment by an average of 4.1% per year over the last three years.

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Down 0.1 %

NYSE:OPP traded down $0.01 during trading hours on Thursday, reaching $9.10. 117,142 shares of the stock were exchanged, compared to its average volume of 97,009. RiverNorth/DoubleLine Strategic Opportunity Fund has a twelve month low of $7.26 and a twelve month high of $9.30. The business has a 50-day moving average of $8.97 and a two-hundred day moving average of $8.67.

RiverNorth/DoubleLine Strategic Opportunity Fund Company Profile

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.