Special Opportunities Fund, Inc. (NYSE:SPE) Announces $0.11 Monthly Dividend

Special Opportunities Fund, Inc. (NYSE:SPE) declared a monthly dividend on Wednesday, January 8th,Wall Street Journal reports. Stockholders of record on Tuesday, March 18th will be paid a dividend of 0.1098 per share by the closed-end fund on Monday, March 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.78%. The ex-dividend date of this dividend is Tuesday, March 18th.

Special Opportunities Fund has raised its dividend payment by an average of 16.5% annually over the last three years.

Special Opportunities Fund Price Performance

Shares of Special Opportunities Fund stock opened at $15.00 on Wednesday. Special Opportunities Fund has a 1 year low of $11.83 and a 1 year high of $15.74. The stock has a 50-day moving average price of $14.97 and a 200 day moving average price of $14.13.

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.