Special Opportunities Fund, Inc. (NYSE:SPE) to Issue Dividend Increase – $0.11 Per Share

by · The Markets Daily

Special Opportunities Fund, Inc. (NYSE:SPE – Get Free Report) declared a monthly dividend on Tuesday, January 7th,Wall Street Journal reports. Investors of record on Tuesday, March 18th will be given a dividend of 0.1098 per share by the closed-end fund on Monday, March 31st. This represents a $1.32 annualized dividend and a yield of 8.78%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Special Opportunities Fund’s previous monthly dividend of $0.10.

Special Opportunities Fund has increased its dividend by an average of 1.3% annually over the last three years.

Special Opportunities Fund Stock Performance

NYSE SPE opened at $15.00 on Thursday. The company’s fifty day moving average is $14.98 and its two-hundred day moving average is $14.14. Special Opportunities Fund has a 52-week low of $11.83 and a 52-week high of $15.74.

About Special Opportunities Fund

(Get Free Report)

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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