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RiverNorth/DoubleLine Strategic Opportunity Fund (RiverNorth/DoubleLine Strategic Opportunity Fund) 5-Year Dividend Growth Rate : 3.90% (As of Dec. 2023)


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What is RiverNorth/DoubleLine Strategic Opportunity Fund 5-Year Dividend Growth Rate?

RiverNorth/DoubleLine Strategic Opportunity Fund's Dividends per Share for the six months ended in Dec. 2023 was $0.61.

During the past 12 months, RiverNorth/DoubleLine Strategic Opportunity Fund's average Dividends Per Share Growth Rate was -30.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -11.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 3.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

During the past 6 years, the highest 3-Year average Dividends Per Share Growth Rate of RiverNorth/DoubleLine Strategic Opportunity Fund was 22.40% per year. The lowest was -11.10% per year. And the median was -2.20% per year.

RiverNorth/DoubleLine Strategic Opportunity Fund's Dividend Payout Ratio for the six months ended in Dec. 2023 was 0.82. As of today, RiverNorth/DoubleLine Strategic Opportunity Fund's Dividend Yield % is 14.75%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of RiverNorth/DoubleLine Strategic Opportunity Fund Inc is 1.05, which seems too high.

Warning Sign:

RiverNorth/DoubleLine Strategic Opportunity Fund Inc stock dividend yield is close to 2-year low.

For more information regarding to dividend, please check our Dividend Page.

Competitive Comparison of RiverNorth/DoubleLine Strategic Opportunity Fund's 5-Year Dividend Growth Rate

For the Asset Management subindustry, RiverNorth/DoubleLine Strategic Opportunity Fund's 5-Year Dividend Growth Rate, along with its competitors' market caps and 5-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

RiverNorth/DoubleLine Strategic Opportunity Fund's 5-Year Dividend Growth Rate Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, RiverNorth/DoubleLine Strategic Opportunity Fund's 5-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where RiverNorth/DoubleLine Strategic Opportunity Fund's 5-Year Dividend Growth Rate falls into.


RiverNorth/DoubleLine Strategic Opportunity Fund 5-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with least square regression.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

RiverNorth/DoubleLine Strategic Opportunity Fund  (NYSE:OPP) 5-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

RiverNorth/DoubleLine Strategic Opportunity Fund's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.613/ 0.75
=0.82

During the past 6 years, the highest Dividend Payout Ratio of RiverNorth/DoubleLine Strategic Opportunity Fund was 7.89. The lowest was 0.77. And the median was 2.07.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of RiverNorth/DoubleLine Strategic Opportunity Fund Inc is 1.05, which seems too high.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

RiverNorth/DoubleLine Strategic Opportunity Fund Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.1002024-04-122024-04-152024-04-30Cash DividendmonthlyUSD:USD 1.000000
USD 0.1002024-03-142024-03-152024-03-28Cash DividendmonthlyUSD:USD 1.000000
USD 0.1002024-02-142024-02-152024-02-29Cash DividendmonthlyUSD:USD 1.000000
USD 0.1002024-01-122024-01-162024-01-31Cash DividendmonthlyUSD:USD 1.000000
USD 0.1022023-12-142023-12-152023-12-29Cash DividendmonthlyUSD:USD 1.000000
USD 0.1022023-11-142023-11-152023-11-30Cash DividendmonthlyUSD:USD 1.000000
USD 0.1022023-10-122023-10-132023-10-31Cash DividendmonthlyUSD:USD 1.000000
USD 0.1022023-09-142023-09-152023-09-29Cash DividendmonthlyUSD:USD 1.000000
USD 0.1022023-08-142023-08-152023-08-31Cash DividendmonthlyUSD:USD 1.000000
USD 0.1022023-07-132023-07-142023-07-31Cash DividendmonthlyUSD:USD 1.000000
USD 0.1022023-06-142023-06-152023-06-30Cash DividendmonthlyUSD:USD 1.000000
USD 0.1022023-05-122023-05-152023-05-31Cash DividendmonthlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

RiverNorth/DoubleLine Strategic Opportunity Fund's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.216/8.2586
=14.72 %

Current Share Price is $8.2586.
RiverNorth/DoubleLine Strategic Opportunity Fund's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.216.

During the past 6 years, the highest Dividend Yield of RiverNorth/DoubleLine Strategic Opportunity Fund was 22.70%. The lowest was 6.18%. And the median was 15.00%.

Warning Sign:

RiverNorth/DoubleLine Strategic Opportunity Fund Inc stock dividend yield is close to 2-year low.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

RiverNorth/DoubleLine Strategic Opportunity Fund 5-Year Dividend Growth Rate Related Terms

Thank you for viewing the detailed overview of RiverNorth/DoubleLine Strategic Opportunity Fund's 5-Year Dividend Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.

RiverNorth/DoubleLine Strategic Opportunity Fund (RiverNorth/DoubleLine Strategic Opportunity Fund) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RiverNorth/DoubleLine Strategic Opportunity Fund Inc (NYSE:OPP) » Definitions » 5-Year Dividend Growth Rate
Comparable Companies
GDO EMF BKN LGI NBH VTN JRS DMB IHIT IGI BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
360 S. Rosemary Avenue, Suite 1420, West Palm Beach, FL, USA, 33401
Website
https://www.rivernorth.com
RiverNorth/DoubleLine Strategic Opportunity Fund Inc is a closed-end management investment company. The company's investment objective is to seek current income and overall total return.
Executives
Lisa Bruckert Mougin director C/O RIVERNORTH CAPITAL MANAGEMENT, LLC, 360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
David Swanson director 325 N. LASALLE ST., SUITE 645, CHICAGO IL 60654
Stephen Andrew O'neill other: Portfolio Manager 360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
John S. Oakes director 325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Brian H Schmucker other: OFFICER OF THE INVT ADVISER 325 NORTH LASALLE STREET, SUITE 645, CHICAGO IL 60654
Patrick W. Galley director, officer: President 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Jerry Raio director 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
John Wayne Hutchens director 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Youse Guia other: Exec Comm Mbr: OPP Subadviser C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Leticia A. Acosta other: Exec Comm Mbr: OPP Subadviser 333 SOUTH GRAND AVENUE, SUITE 1800, LOS ANGELES CA 90071
Rivernorth Marketplace Lending Corp other: Investment Adviser 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Fred G Steingraber director 325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Marcus L Collins officer: CCO and Secretary 325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Jonathan M. Mohrhardt officer: CFO and Treasurer 325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
John K Carter director 433 W. VAN BUREN STREET, SUITE 1150-E, CHICAGO IL 60607

RiverNorth/DoubleLine Strategic Opportunity Fund (RiverNorth/DoubleLine Strategic Opportunity Fund) Headlines

From GuruFocus

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Preliminary Results of Rights Offering

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By Business Wire Business Wire • 10-20-2022

RiverNorth Opportunities Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Capital and Income Fund, Inc.* Announce Preferred Dividends

By Business Wire Business Wire • 01-20-2023

RiverNorth Closed-End Funds Declare Monthly Distributions

By Business Wire Business Wire • 07-01-2021

RiverNorth Opportunities Fund, Inc., RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Capital and Income Fund, Inc.* Announce Preferred Dividends

By Business Wire Business Wire • 04-20-2023

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Transferable Rights Offering

By Business Wire Business Wire • 08-13-2021