On 5/1/24, Rivernorth Opportunities Fund Inc’s 6.00% Series A, Perpetual Preferred Stock (Symbol: RIV.PRA) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 5/15/24. As a percentage of RIV.PRA’s recent share price of $23.00, this dividend works out to approximately 1.63%, so look for shares of RIV.PRA to trade 1.63% lower — all else being equal — when RIV.PRA shares open for trading on 5/1/24. On an annualized basis, the current yield is approximately 6.53%, which compares to an average yield of 5.82% in the “ETFs & CEFs” preferred stock category, according to Preferred Stock Channel.
The chart below shows the one year performance of RIV.PRA shares, versus RIV:

Below is a dividend history chart for RIV.PRA, showing historical dividends prior to the most recent $0.375 on Rivernorth Opportunities Fund Inc’s 6.00% Series A, Perpetual Preferred Stock:

In Monday trading, Rivernorth Opportunities Fund Inc’s 6.00% Series A, Perpetual Preferred Stock (Symbol: RIV.PRA) is currently up about 0.1% on the day, while the common shares (Symbol: RIV) are up about 0.2%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

Also see:

• Average Annual Return
• EFX Historical PE Ratio
• Funds Holding THMO

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.