Special Opportunities Fund, Inc. (NYSE:SPE) announced a monthly dividend on Tuesday, July 7th, Wall Street Journal reports. Stockholders of record on Monday, September 21st will be given a dividend of 0.094 per share by the closed-end fund on Wednesday, September 30th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 9.80%. The ex-dividend date of this dividend is Friday, September 18th.
Special Opportunities Fund has raised its dividend payment by an average of 21.8% annually over the last three years.
Shares of NYSE SPE traded up $0.10 during midday trading on Tuesday, reaching $11.51. The company’s stock had a trading volume of 17,200 shares, compared to its average volume of 34,066. Special Opportunities Fund has a fifty-two week low of $7.50 and a fifty-two week high of $15.00. The stock has a 50 day simple moving average of $10.89 and a 200-day simple moving average of $12.11.
Special Opportunities Fund Company Profile
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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