RiverNorth/DoubleLine Strategic Opportunity Fund Declares $0.091 Monthly Dividend
The RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) has declared a monthly dividend of $0.091 per share, resulting in an annualized forward yield of approximately 15.8%. The dividends will be paid on October 30, November 30, and December 31 to shareholders of record as of October 15, November 16, and December 15 respectively. The fund is a closed-end investment vehicle managed by RiverNorth Capital Management and DoubleLine Capital. The high yield reflects the fund's strategy focused on generating income through its portfolio of preferred shares in financial institutions. Investors are advised to consider both the yield and the underlying credit quality before investing, as some of these securities have been under regulatory scrutiny. The announcement highlights continued confidence from management in maintaining a consistent dividend payout schedule despite market uncertainties.
Tickers: $OPP
Topics: dividends preferred shares