RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) to Issue Monthly Dividend of $0.09 on May 29th

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) declared a monthly dividend on Wednesday, April 1st. Shareholders of record on Friday, May 15th will be given a dividend of 0.091 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 14.0%. The ex-dividend date is Friday, May 15th.

RiverNorth/DoubleLine Strategic Opportunity Fund Price Performance

OPP stock remained flat at $7.78 during trading on Wednesday. 8,956 shares of the company’s stock traded hands, compared to its average volume of 99,029. RiverNorth/DoubleLine Strategic Opportunity Fund has a 12-month low of $7.49 and a 12-month high of $8.82. The firm’s 50 day moving average price is $7.74 and its two-hundred day moving average price is $7.87.

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. Aggregate Bond Index. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc was formed on December 30, 2010 and is domiciled in the United States.