Dividend Information About RiverNorth/DoubleLine Strategic Opportunity: Everything You Need To Know Before Its Ex-Dividend Date on Sept 15, 2025

Generated by AI AgentAinvest Dividend Digest
Friday, Sep 12, 2025 1:27 am ET1min read
OPP--
Aime RobotAime Summary

- RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) announced a $0.095/share dividend, payable on Sep 30, 2025, with an ex-dividend date of Sept 15, 2025.

- The payout marks a decline from its 10-year average of $0.1392/share, aligning with recent reduced distributions and a widened bid-ask spread signaling liquidity concerns.

- Despite a 13.21% yield and $1.16 annualized dividend, the fund faces a Hold/Accumulate rating downgrade amid market volatility and a -2.5% price premium/discount.

- Preferred shares of Series C recently declared a $0.1719 quarterly dividend, showing stability in certain offerings while common stock fundamentals remain under scrutiny.



RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) has announced its upcoming dividend payment of $0.09500000 per share, with the ex-dividend date set for Sept 15, 2025. The dividend was officially declared on Jul 1, 2025, and will be distributed to shareholders on Sep 30, 2025. This upcoming payout is slightly lower than the average of the last 10 dividend payments, which stood at $0.1392 per share. The company has issued a cash dividend for its most recent payout on Aug 29, 2025, in the same amount of $0.09500000 per share, aligning with the recent trend of reduced distributions. Investors should note that the ex-dividend date of Sept 15, 2025, is the last day to purchase shares to qualify for the dividend. Any purchase made after that date will not be entitled to this payout.

Recent market activity indicates mixed signals for OPPOPP--. Over the past week, analysts have noted a downgrade of the stock to a Hold/Accumulate rating, reflecting cautious sentiment amid broader market uncertainty. Source reported that the fund’s bid-ask spread has widened slightly, which may indicate reduced liquidity and fewer traders participating in the stock. This could affect order execution for investors looking to enter or exit positions, especially in volatile market conditions. Meanwhile, as of late, the fund has maintained a high dividend yield of 13.21%, with an annualized dividend of $1.16 per share, reinforcing its appeal to income-focused investors despite the recent reduction in per-share payouts.

Since the last update, there has been growing attention on the fund’s preferred stock offerings and related SEC filings, particularly for its Special Opportunities FundSPE-- Series C Preferred Stock, which recently declared a $0.1719 per share quarterly dividend. This signals consistency in certain preferred shares but does not directly impact the common stock. Additionally, the fund continues to trade at a -2.5% premium/discount with a current price of $8.80, while its average premium/discount remains at -6.1%, suggesting ongoing pressure on the fund’s net asset value. The recent downgrading and liquidity concerns highlight the need for investors to closely monitor the fund’s fundamentals and market positioning in the coming weeks.

In conclusion, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. remains a high-yield option for income-seeking investors, though recent trends suggest caution. With a dividend of $0.09500000 per share scheduled for distribution on Sep 30, 2025, the ex-dividend date of Sept 15, 2025, is the last opportunity for investors to purchase shares and receive this dividend.

Sip from the stream of US stock dividends. Your income play.

Latest Articles

Stay ahead of the market.

Get curated U.S. market news, insights and key dates delivered to your inbox.

Comments



Add a public comment...
No comments

No comments yet