Special Opportunities Fund, Inc. (NYSE:SPE) Announces $0.10 Monthly Dividend

Special Opportunities Fund, Inc. (NYSE:SPE) announced a monthly dividend on Friday, April 5th, NASDAQ reports. Investors of record on Friday, April 19th will be given a dividend of 0.0954 per share by the closed-end fund on Tuesday, April 30th. This represents a $1.14 annualized dividend and a yield of 9.41%. The ex-dividend date is Thursday, April 18th.

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 annually for the last 1 consecutive years.

Special Opportunities Fund Trading Down 1.6 %

NYSE:SPE opened at $12.16 on Wednesday. The firm’s fifty day simple moving average is $12.38 and its 200 day simple moving average is $11.72. Special Opportunities Fund has a twelve month low of $10.26 and a twelve month high of $12.73.

Hedge Funds Weigh In On Special Opportunities Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rivernorth Capital Management LLC lifted its position in 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 position in 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 position in 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 raised its position in shares of Special Opportunities Fund by 24.4% in the 4th quarter. Raymond James & Associates now owns 41,973 shares of the closed-end fund’s stock worth $478,000 after purchasing an additional 8,240 shares during the last quarter. Finally, SkyView Investment Advisors LLC raised its position in shares of Special Opportunities Fund by 85.8% in the 2nd quarter. SkyView Investment Advisors LLC now owns 32,490 shares of the closed-end fund’s stock worth $365,000 after purchasing an additional 15,000 shares during the last quarter. Hedge funds and other institutional investors own 35.60% of the company’s stock.

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.