From MarketBeat:

Special Opportunities Fund, Inc. (NYSE:SPE) declares a monthly dividend of $0.0954 per share on Thursday, January 4th. Shareholders of record on Tuesday, February 20th will receive the payment on Thursday, February 29th. This represents a $1.14 dividend on an annualized basis and a yield of 9.60%, higher than previous dividends of $0.09.

Special Opportunities Fund, Inc. has increased its dividend payment by an average of 27.9% annually over the last three years. The stock reached $11.93 on the day, with a 52-week low of $10.26 and a high of $12.00. The 50-day moving average is $11.30, and the two-hundred day moving average is $11.24.

Several hedge funds have increased their stakes in Special Opportunities Fund, Inc., including Ancora Advisors LLC, Rivernorth Capital Management LLC, SkyView Investment Advisors LLC, HighTower Advisors LLC, and Private Advisor Group LLC. 31.93% of the stock is owned by institutional investors and hedge funds.

Special Opportunities Fund is a closed-ended balanced fund of funds managed by Bulldog Investors, LLC. It invests in close-ended funds in public equity and fixed income markets, employing value, opportunistic, and special situations strategies.

The news was generated by narrative science technology and financial data from MarketBeat for fastest and most accurate reporting, and was reviewed by MarketBeat’s editorial team. If interested in Special Opportunities Fund, you should know that it currently has a “hold” rating among analysts, but top-rated analysts have identified five other stocks as better buys.



Read more: Special Opportunities Fund, Inc. (NYSE:SPE) Raises Dividend to $0.10 Per Share