RiverNorth/DoubleLine Strategic Opportunity Dividend Details: Insights Before the Ex-Dividend Date on Jun 13, 2025

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) recently announced a dividend of $0.095 per share, which is lower compared to the average of the last ten dividends, calculated at $0.140. This dividend is scheduled for distribution on Jun 30, 2025, following the ex-dividend date on Jun 13, 2025. The announcement was made earlier on Apr 1, 2025. The previous dividend, distributed on May 30, 2025, was also $0.095 per share and, like the upcoming dividend, is classified as a cash dividend.

Recently, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has been subject to notable developments. As of late, the stock price experienced a slight decline, closing at $8.41, reflecting a minor loss of 0.119%. Analysts have indicated that the stock hovered around $8.46, suggesting a slower movement. Over the past week, the fund issued a new term preferred stock (OPP-C) with a 6.00% interest rate and a par value of $10, highlighting a strong credit quality. This move is expected to impact the fund's financial health positively by enhancing its capital structure. Since the last update, the fund's rights expired worthless on Dec 12, 2024, affecting its strategy and potential investor decisions. These developments are crucial as they might influence the fund's market performance and investor sentiment.

In conclusion, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. is navigating through various financial shifts, and investors should pay close attention to these dynamics. The ex-dividend date is Jun 13, 2025, marking the last opportunity for investors to purchase shares and qualify for the upcoming dividend. Any acquisitions made post this date will not be eligible for the current dividend payout.