Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) Declares Monthly Dividend of $0.09

Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) announced a monthly dividend on Tuesday, March 26th, Wall Street Journal reports. Stockholders of record on Tuesday, June 11th will be paid a dividend of 0.087 per share on Friday, June 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 8.97%. The ex-dividend date is Tuesday, June 11th.

Cohen & Steers Closed-End Opportunity Fund Price Performance

NYSE:FOF opened at $11.64 on Thursday. Cohen & Steers Closed-End Opportunity Fund has a 1-year low of $9.59 and a 1-year high of $11.75. The business’s fifty day moving average price is $11.35 and its 200 day moving average price is $10.93.

Insiders Place Their Bets

In other news, Portfolio Manager Jeffrey Palma bought 4,500 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were bought at an average cost of $11.11 per share, with a total value of $49,995.00. Following the transaction, the portfolio manager now directly owns 9,046 shares in the company, valued at approximately $100,501.06. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FOF. UBS Group AG increased its position in Cohen & Steers Closed-End Opportunity Fund by 51.2% in the 1st quarter. UBS Group AG now owns 228,644 shares of the company’s stock worth $2,954,000 after purchasing an additional 77,378 shares during the last quarter. Silverlake Wealth Management LLC bought a new stake in shares of Cohen & Steers Closed-End Opportunity Fund during the 4th quarter worth about $496,000. LPL Financial LLC boosted its stake in shares of Cohen & Steers Closed-End Opportunity Fund by 9.1% during the 2nd quarter. LPL Financial LLC now owns 512,234 shares of the company’s stock worth $5,471,000 after acquiring an additional 42,691 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Cohen & Steers Closed-End Opportunity Fund by 11.5% during the 1st quarter. Bank of America Corp DE now owns 314,628 shares of the company’s stock worth $3,448,000 after acquiring an additional 32,574 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Cohen & Steers Closed-End Opportunity Fund by 19.6% during the 3rd quarter. Royal Bank of Canada now owns 187,523 shares of the company’s stock worth $1,823,000 after acquiring an additional 30,794 shares in the last quarter.

About Cohen & Steers Closed-End Opportunity Fund

Cohen & Steers Closed-End Opportunity Fund, Inc is a close-ended fund of funds launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in funds investing in public equity markets. It also invests in funds investing in convertible securities, preferred securities, high yield securities and real estate, energy, utility, and other equity or income-oriented strategies.