Special Opportunities Fund, Inc. (NYSE:SPE - Get Free Report) announced a monthly dividend on Monday, April 8th, Wall Street Journal reports. Shareholders of record on Tuesday, May 21st will be paid a dividend of 0.0954 per share by the closed-end fund on Friday, May 31st. This represents a $1.14 annualized dividend and a dividend yield of 9.02%. The ex-dividend date is Monday, May 20th.
Special Opportunities Fund has decreased its dividend payment by an average of 2.7% annually over the last three years and has increased its dividend every year for the last 1 years.
Special Opportunities Fund Stock Up 0.3 %
Shares of NYSE SPE traded up $0.04 on Monday, hitting $12.69. The company's stock had a trading volume of 28,132 shares, compared to its average volume of 24,906. Special Opportunities Fund has a 12-month low of $10.26 and a 12-month high of $12.73. The stock has a 50 day moving average of $12.33 and a 200-day moving average of $11.67.
Hedge Funds Weigh In On Special Opportunities Fund
Several institutional investors and hedge funds have recently modified their holdings of the company. Rivernorth Capital Management LLC lifted its stake in shares of Special Opportunities Fund by 8.2% during the second quarter. Rivernorth Capital Management LLC now owns 378,177 shares of the closed-end fund's stock valued at $4,243,000 after buying an additional 28,625 shares during the period. Ancora Advisors LLC lifted its stake in shares of Special Opportunities Fund by 49.6% during the first quarter. Ancora Advisors LLC now owns 126,823 shares of the closed-end fund's stock valued at $1,859,000 after buying an additional 42,067 shares during the period. First Manhattan Co. lifted its stake in shares of Special Opportunities Fund by 21.6% during the fourth quarter. First Manhattan Co. now owns 70,420 shares of the closed-end fund's stock valued at $803,000 after buying an additional 12,500 shares during the period. Raymond James & Associates lifted its stake in shares of Special Opportunities Fund by 24.4% during the fourth quarter. Raymond James & Associates now owns 41,973 shares of the closed-end fund's stock valued at $478,000 after buying an additional 8,240 shares during the period. Finally, SkyView Investment Advisors LLC lifted its stake in shares of Special Opportunities Fund by 85.8% during the second quarter. SkyView Investment Advisors LLC now owns 32,490 shares of the closed-end fund's stock valued at $365,000 after buying an additional 15,000 shares during the period. Hedge funds and other institutional investors own 35.60% of the company's stock.
Special Opportunities Fund Company Profile
(
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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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