Special Opportunities Fund, Inc. (NYSE:SPE) to Issue Dividend of $0.11

Key Points

• Special Opportunities Fund, Inc. (NYSE:SPE) announced a dividend of $0.11 per share, with a yield of 848.0%, payable on August 29 to shareholders of record on August 20.
• The ex-dividend date is set for August 19, 2023, marking an important deadline for investors looking to receive the dividend.
• As of the last trading session, shares of SPE opened at $15.54, with a 52-week trading range between $12.72 and $15.87.

Special Opportunities Fund, Inc. (NYSE:SPE - Get Free Report) declared a dividend on Saturday, August 16th, investing.com reports. Stockholders of record on Wednesday, August 20th will be given a dividend of 0.1098 per share by the closed-end fund on Friday, August 29th. This represents a dividend yield of 848.0%. The ex-dividend date of this dividend is Tuesday, August 19th.

Special Opportunities Fund Price Performance

Shares of SPE remained flat at $15.39 during trading hours on Thursday. The stock had a trading volume of 17,519 shares, compared to its average volume of 41,336. The company's 50-day moving average is $15.40 and its two-hundred day moving average is $15.10. Special Opportunities Fund has a 12-month low of $12.72 and a 12-month high of $15.87.

Institutional Investors Weigh In On Special Opportunities Fund

Several large investors have recently bought and sold shares of SPE. Shaker Financial Services LLC increased its holdings in Special Opportunities Fund by 246.0% in the 2nd quarter. Shaker Financial Services LLC now owns 266,728 shares of the closed-end fund's stock worth $4,132,000 after buying an additional 189,630 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in shares of Special Opportunities Fund during the 1st quarter valued at about $1,681,000. Raymond James Financial Inc. bought a new stake in shares of Special Opportunities Fund during the 4th quarter valued at about $453,000. Jefferies Financial Group Inc. bought a new stake in shares of Special Opportunities Fund during the 4th quarter valued at about $439,000. Finally, CF Capital LLC bought a new stake in shares of Special Opportunities Fund during the 4th quarter valued at about $402,000. 35.60% of the stock is currently owned by institutional investors.

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.