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

Special Opportunities Fund, Inc. (NYSE:SPE) announced a monthly dividend on Monday, January 6th,NASDAQ Dividends reports. Stockholders of record on Tuesday, January 21st will be paid a dividend of 0.1098 per share by the closed-end fund on Friday, January 31st. This represents a $1.32 annualized dividend and a dividend yield of 8.78%. The ex-dividend date of this dividend is Tuesday, January 21st. This is a positive change from Special Opportunities Fund’s previous monthly dividend of $0.10.

Special Opportunities Fund has increased its dividend payment by an average of 16.5% per year over the last three years.

Special Opportunities Fund Stock Performance

Shares of SPE traded up $0.01 during midday trading on Tuesday, hitting $15.00. 34,382 shares of the company’s stock traded hands, compared to its average volume of 34,096. Special Opportunities Fund has a 1 year low of $11.83 and a 1 year high of $15.74. The firm’s fifty day moving average is $14.97 and its 200-day moving average is $14.13.

About Special Opportunities Fund

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.