Rivernorth Opportunities Fund About To Put More Money In Your Pocket (RIV)

By Dividend Channel Staff, Tuesday, January 14, 10:00 AM ET

On 1/16/20, Rivernorth Opportunities Fund Inc (NYSE:RIV) will trade ex-dividend, for its monthly dividend of $0.18, payable on 1/31/20. As a percentage of RIV's recent stock price of $17.05, this dividend works out to approximately 1.06%, so look for shares of Rivernorth Opportunities Fund Inc to trade 1.06% lower — all else being equal — when RIV shares open for trading on 1/16/20.

Below is a dividend history chart for RIV, showing historical dividends prior to the most recent $0.18 declared by Rivernorth Opportunities Fund Inc:

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from RIV is likely to continue, and whether the current estimated yield of 12.67% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of RIV shares, versus its 200 day moving average:

Rivernorth Opportunities Fund Inc 200 Day Moving Average Chart

Looking at the chart above, RIV's low point in its 52 week range is $15.85 per share, with $17.75 as the 52 week high point — that compares with a last trade of $17.05.

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In Tuesday trading, Rivernorth Opportunities Fund Inc shares are currently up about 0.2% on the day.

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