Rivernorth Opps Fund's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Rivernorth Opps Fund (NYSE:RIV) announced a monthly dividend of 12.89 cents per share, with the ex-dividend date set for Friday. Shareholders owning RIV by the end of Thursday's session will be eligible for the dividend, which will be paid on January 31, 2024. The stock is expected to open 12.89 cents lower on the ex-dividend date.
January 09, 2024 | 2:45 pm
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Rivernorth Opps Fund (RIV) will pay a monthly dividend of 12.89 cents per share, with the ex-dividend date on Friday. The stock is expected to open lower by the dividend amount on the ex-dividend date.
The stock price of RIV is likely to decrease in the short term by the amount of the dividend, as stocks typically drop by the dividend amount on the ex-dividend date. This is a common occurrence and is factored into the price as the stock trades without the value of the dividend.
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