RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.
OPPFinancial Services · Stock · monthly payer
Forward Yield
14.15%
Annual Dividend
$1.09
Payout Ratio
114%
5-Yr Growth
-11.8%
Ex-Date
Aug 14, 2026
Frequency
Monthly
Summary
As of July 2026, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) yields 14.15% ($1.09 per share annually), with a blended fair-value estimate of $9.64 — +25% upside, so it screens as undervalued. Dividend safety grade: D (47/100).
Is OPP a good dividend stock?
MixedRiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) pays a monthly dividend yielding 14.15% ($1.09/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2025
- Elevated payout ratio (114%)
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 14.15%
- Payout Ratio
- 114%
- Annual Dividend
- $1.09
- 5-Yr Avg Growth
- -11.8%
- Ex-Dividend Date
- Aug 14, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- —
- Market Cap
- $191.7M
- P/E Ratio
- 7.7
- 5-Yr Total Return
- -51%
- 52-Week Range
- $7.47 – $8.82
- Dividend Safety
- D · 47/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
OPP Price — Last 12 Months
Daily close
Price Return
1 Year
-11%
3 Years
-8%
5 Years
-51%
52-Week Range
$7.47 – $8.82
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is OPP worth?
Undervaluedmedium confidenceOur blended fair-value estimate for RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. is $9.64 per share, versus a market price of $7.72. That implies 25% of upside — a margin of safety of about 20%.
Fair Value
$9.64
Current Price
$7.72
Upside
+25%
Margin of Safety
20%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -5.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $1.00 EPS, $1.09 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
OPP Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 15, 2026 | — | $0.0910 | regular |
| Jun 15, 2026 | — | $0.0910 | regular |
| May 15, 2026 | — | $0.0910 | regular |
| Apr 15, 2026 | — | $0.0910 | regular |
| Mar 16, 2026 | — | $0.0910 | regular |
| Feb 13, 2026 | — | $0.0910 | regular |
| Jan 15, 2026 | — | $0.0910 | regular |
| Dec 15, 2025 | — | $0.0950 | regular |
| Nov 14, 2025 | — | $0.0950 | regular |
| Oct 15, 2025 | — | $0.0950 | regular |
| Sep 15, 2025 | — | $0.0950 | regular |
| Aug 15, 2025 | — | $0.0950 | regular |
| Jul 15, 2025 | — | $0.0950 | regular |
| Jun 13, 2025 | — | $0.0950 | regular |
Income Calculator
At $1.09 / yr per share
