RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) to Issue Monthly Dividend of $0.15 on June 30th

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP – Get Rating) declared a monthly dividend on Wednesday, April 6th, Wall Street Journal reports. Stockholders of record on Thursday, June 16th will be paid a dividend of 0.1478 per share on Thursday, June 30th. This represents a $1.77 annualized dividend and a dividend yield of 16.02%. The ex-dividend date is Wednesday, June 15th.

RiverNorth/DoubleLine Strategic Opportunity Fund has increased its dividend by an average of 1.9% per year over the last three years.

RiverNorth/DoubleLine Strategic Opportunity Fund stock opened at $11.07 on Monday. RiverNorth/DoubleLine Strategic Opportunity Fund has a 12-month low of $10.39 and a 12-month high of $16.36. The business’s 50-day moving average price is $11.48 and its two-hundred day moving average price is $12.99.

Several large investors have recently made changes to their positions in the company. SG3 Management LLC bought a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 4th quarter valued at about $68,000. Royal Bank of Canada boosted its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 21.8% in the first quarter. Royal Bank of Canada now owns 33,201 shares of the company’s stock valued at $413,000 after acquiring an additional 5,937 shares during the last quarter. Guggenheim Capital LLC increased its position in RiverNorth/DoubleLine Strategic Opportunity Fund by 75.3% during the 4th quarter. Guggenheim Capital LLC now owns 31,764 shares of the company’s stock valued at $451,000 after purchasing an additional 13,647 shares during the period. LPL Financial LLC bought a new position in RiverNorth/DoubleLine Strategic Opportunity Fund during the 4th quarter worth approximately $600,000. Finally, Baird Financial Group Inc. lifted its position 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 worth $698,000 after purchasing an additional 1,529 shares during the period.

RiverNorth/DoubleLine Strategic Opportunity Fund Company Profile (Get Rating)

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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