RIV.PR.A announces a $0.375 per share dividend, yielding 6.65%, payable to shareholders of record August 3.
RiverNorth Opportunities Fund Inc’s 6% Series A preferred shares (RIV.PR.A) will pay a $0.375 per share quarterly dividend. The payout equates to a forward yield of 6.65%, based on the current share price.
The dividend is payable on August 14 to shareholders of record as of August 3, with an ex-dividend date also set for August 3. The fund’s prior dividend was consistent with this quarter’s announcement, reflecting stable payouts for preferred shareholders.
No immediate market reaction was disclosed following the announcement.