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

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) announced a monthly dividend on Tuesday, October 1st, NASDAQ reports. Stockholders of record on Tuesday, October 15th will be given a dividend of 0.1003 per share on Thursday, October 31st. This represents a $1.20 annualized dividend and a dividend yield of 13.21%. The ex-dividend date is Tuesday, October 15th.

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

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Performance

Shares of NYSE:OPP remained flat at $9.11 on Thursday. The stock had a trading volume of 119,492 shares, compared to its average volume of 97,021. RiverNorth/DoubleLine Strategic Opportunity Fund has a fifty-two week low of $7.26 and a fifty-two week high of $9.30. The stock’s 50 day simple moving average is $8.97 and its 200 day simple moving average is $8.67.

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.