Special Opportunities Fund, Inc. (NYSE:SPE) announced a monthly dividend on Tuesday, July 7th, Wall Street Journal reports. Investors of record on Monday, September 21st will be paid a dividend of 0.094 per share by the closed-end fund on Wednesday, September 30th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.85%. The ex-dividend date of this dividend is Friday, September 18th.
Special Opportunities Fund has raised its dividend payment by 15.5% over the last three years and has raised its dividend every year for the last 1 years.
Shares of NYSE:SPE opened at $12.75 on Wednesday. Special Opportunities Fund has a 12 month low of $7.50 and a 12 month high of $15.00. The company’s fifty day simple moving average is $12.53 and its 200 day simple moving average is $11.22.
In other Special Opportunities Fund news, Chairman Phillip Goldstein bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 21st. The stock was acquired at an average price of $11.85 per share, with a total value of $59,250.00. Following the completion of the transaction, the chairman now owns 118,721 shares in the company, valued at $1,406,843.85. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 22.38% of the stock is currently owned by company insiders.
Special Opportunities Fund Company Profile
Special Opportunities Fund, Inc is a close-ended balanced fund of funds launched and managed by Bulldog Investors, LLC. It invests in close-ended funds investing in public equity and fixed income markets. The fund employs a combination of value, opportunistic and special situations strategies to make its investments.
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