Special Opportunities Fund, Inc. (NYSE:SPE – Get Free Report) announced a monthly dividend on Monday, April 7th, Wall Street Journal reports. Investors of record on Tuesday, June 17th will be given a dividend of 0.1098 per share by the closed-end fund on Monday, June 30th. This represents a $1.32 dividend on an annualized basis and a yield of 9.85%. The ex-dividend date of this dividend is Tuesday, June 17th.
Special Opportunities Fund has decreased its dividend payment by an average of 3.4% per year over the last three years.
Special Opportunities Fund Stock Down 3.1 %
Shares of NYSE SPE traded down $0.43 during trading hours on Monday, reaching $13.37. The stock had a trading volume of 135,849 shares, compared to its average volume of 40,608. The business’s fifty day moving average price is $15.23 and its two-hundred day moving average price is $14.90. Special Opportunities Fund has a 52-week low of $12.00 and a 52-week high of $15.87.
About Special Opportunities Fund
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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