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 paid a dividend of 0.094 per share by the closed-end fund on Wednesday, September 30th. This represents a $1.13 annualized dividend and a dividend yield of 8.80%. The ex-dividend date is Friday, September 18th.
Special Opportunities Fund has increased its dividend by 15.5% over the last three years and has raised its dividend every year for the last 1 years.
Shares of NYSE SPE opened at $12.82 on Thursday. The business’s 50 day moving average price is $12.54 and its 200-day moving average price is $11.22. Special Opportunities Fund has a fifty-two week low of $7.50 and a fifty-two week high of $15.00.
In other news, Chairman Phillip Goldstein acquired 5,000 shares of Special Opportunities Fund stock in a transaction on Tuesday, July 21st. The shares were bought at an average cost of $11.85 per share, for a total transaction of $59,250.00. Following the acquisition, the chairman now directly owns 118,721 shares of the company’s stock, valued at approximately $1,406,843.85. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 22.38% of the company’s stock.
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.
Receive News & Ratings for Special Opportunities Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Special Opportunities Fund and related companies with MarketBeat.com's FREE daily email newsletter.