RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP – Get Rating) declared a monthly dividend on Thursday, July 7th, Wall Street Journal reports. Shareholders of record on Friday, September 16th will be given a dividend of 0.1478 per share on Friday, September 30th. This represents a $1.77 annualized dividend and a yield of 17.22%. The ex-dividend date of this dividend is Thursday, September 15th.
RiverNorth/DoubleLine Strategic Opportunity Fund has raised its dividend payment by an average of 1.9% per year over the last three years.
Get RiverNorth/DoubleLine Strategic Opportunity Fund alerts:RiverNorth/DoubleLine Strategic Opportunity Fund Trading Down 1.2 %
OPP stock opened at $10.30 on Wednesday. The business's 50-day moving average price is $10.96 and its two-hundred day moving average price is $11.39. RiverNorth/DoubleLine Strategic Opportunity Fund has a 1-year low of $9.63 and a 1-year high of $15.64.
Institutional Trading of RiverNorth/DoubleLine Strategic Opportunity Fund
Several hedge funds and other institutional investors have recently modified their holdings of OPP. Bank of Montreal Can acquired a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 2nd quarter valued at about $265,000. Royal Bank of Canada raised its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 21.8% in the 1st quarter. Royal Bank of Canada now owns 33,201 shares of the company's stock valued at $413,000 after purchasing an additional 5,937 shares during the period. Baird Financial Group Inc. raised its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 2.8% in the 1st quarter. Baird Financial Group Inc. now owns 56,007 shares of the company's stock valued at $698,000 after purchasing an additional 1,529 shares during the period. NewEdge Advisors LLC raised its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 4.7% in the 1st quarter. NewEdge Advisors LLC now owns 82,406 shares of the company's stock valued at $1,027,000 after purchasing an additional 3,700 shares during the period. Finally, LPL Financial LLC raised its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 28.4% in the 2nd quarter. LPL Financial LLC now owns 110,471 shares of the company's stock valued at $1,203,000 after purchasing an additional 24,422 shares during the period.About RiverNorth/DoubleLine Strategic Opportunity Fund
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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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