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

Special Opportunities Fund, Inc. (NYSE:SPE) announced a monthly dividend on Friday, April 5th, NASDAQ reports. Shareholders 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 by an average of 2.7% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.

Special Opportunities Fund Stock Performance

Shares of NYSE:SPE opened at $12.16 on Wednesday. Special Opportunities Fund has a 12 month low of $10.26 and a 12 month high of $12.73. The company’s fifty day simple moving average is $12.38 and its 200 day simple moving average is $11.72.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SPE. Ancora Advisors LLC grew its position in shares of Special Opportunities Fund by 49.6% in the 1st quarter. Ancora Advisors LLC now owns 126,823 shares of the closed-end fund’s stock valued at $1,859,000 after acquiring an additional 42,067 shares during the period. Rivernorth Capital Management LLC grew its position in shares of Special Opportunities Fund by 8.2% in the 2nd quarter. Rivernorth Capital Management LLC now owns 378,177 shares of the closed-end fund’s stock valued at $4,243,000 after acquiring an additional 28,625 shares during the period. SkyView Investment Advisors LLC bought a new position in shares of Special Opportunities Fund in the 1st quarter valued at about $191,000. HighTower Advisors LLC bought a new position in shares of Special Opportunities Fund in the 3rd quarter valued at about $170,000. Finally, Private Advisor Group LLC bought a new position in shares of Special Opportunities Fund in the 1st quarter valued at about $158,000. 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.