SmarterDividends
OPP

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

OPP

Financial Services · Asset Management · Stock · monthly payer

$6.88

Undervalued · +53% Add to Portfolio

Forward Yield

15.87%

Annual Dividend

$1.09

Payout Ratio

145%

5-Yr Growth

-11.8%

Ex-Date

Nov 16, 2026

Frequency

Monthly

Key facts about OPP's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) has a forward dividend yield of 15.87%, based on an annual dividend of $1.09 per share and a share price of $6.88.
  • As of Oct 27, 2026, OPP's dividend safety grade from SmarterDividends is D (47 out of 100), which rates the dividend as unsafe.
  • OPP last cut its regular dividend in 2025.
  • OPP's next ex-dividend date is Nov 16, 2026, with payment on Nov 30, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 27, 2026, OPP pays out 145% of its trailing 12-month earnings as dividends (its payout ratio).
  • OPP's dividend has shrunk at an average rate of 11.8% a year over the past five years.
  • As of Oct 27, 2026, OPP's 15.87% yield is 12% above its five-year average yield of 14.19%.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for OPP is $10.51 per share, 53% above the $6.88 share price, so OPP screens as undervalued.
  • RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) pays its dividend monthly, 12 times a year.
  • RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) has raised its regular dividend 4 times and cut it 7 times across the 120 payments on record since 2016. Its most recent change was a 4.2% cut to $0.0910 per share, going ex-dividend on Jan 15, 2026.
Cite this page

SmarterDividends, "OPP Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/OPP

Summary

As of Oct 27, 2026, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) yields 15.87% ($1.09 a year per share) and has a dividend safety grade of D (47/100).

Is OPP a good dividend stock?

Mixed

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) pays a monthly dividend yielding 15.87% ($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 (145%)
    • 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
    15.87%
    Payout Ratio
    145%
    Annual Dividend
    $1.09
    5-Yr Avg Growth
    -11.8%
    Ex-Dividend Date
    Nov 16, 2026
    Years of Growth
    0
    Frequency
    monthly
    Beta
    —
    Market Cap
    $171.9M
    P/E Ratio
    8.9
    5-Yr Total Return
    -54%
    52-Week Range
    $6.75 – $8.28
    Dividend Safety
    D · 47/100
    Ever Cut?
    Yes (2025)

    OPP dividend raises and cuts

    RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) has raised its regular dividend 4 times and cut it 7 times across the 120 payments on record since 2016. Its most recent change was a 4.2% cut to $0.0910 per share, going ex-dividend on Jan 15, 2026.

    Ex-dateChangeOld → newMove
    Jan 15, 2026Cut$0.0950 → $0.0910−4.2%
    Jan 15, 2025Cut$0.100 → $0.0950−5.0%
    Nov 15, 2024Raise$0.0988 → $0.100+1.2%
    Jan 12, 2024Cut$0.101 → $0.0988−2.0%
    Jan 12, 2023Cut$0.146 → $0.101−31.1%
    Jan 13, 2022Cut$0.157 → $0.146−6.9%
    Jan 14, 2021Cut$0.178 → $0.157−11.7%
    Jan 16, 2020Cut$0.181 → $0.178−1.6%
    Jan 16, 2019Raise$0.148 → $0.181+22.0%
    Oct 12, 2017Raise$0.119 → $0.148+25.0%
    Mar 15, 2017Raise$0.109 → $0.119+9.1%
    Every OPP payment →Download every raise and cut (CSV)
    OPP ex-dividend date & scheduleNext ex-date Nov 16, 2026 · full ex-dividend historyView →OPP dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is OPP a good dividend stock?

    Mixed. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) pays a monthly dividend yielding 15.87% ($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.

    Is OPP undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, OPP's fair value is about $10.51 versus a $6.88 share price — so it looks undervalued (+53% vs. fair value).

    Is OPP's dividend safe?

    OPP has a dividend-safety grade of D (47/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2025, debt and yield-versus-history.

    What is OPP's fair value?

    Our blended fair-value estimate for OPP is about $10.51 per share, roughly 53% above the current $6.88 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is OPP a buy, hold, or sell?

    We don't issue formal ratings, but on the data OPP screens as "mixed" and undervalued. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) pays a monthly dividend yielding 15.87% ($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. This is research for your own analysis, not investment advice.

    Will OPP cut its dividend?

    OPP earns a dividend-safety grade of D (47/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does OPP pay a dividend?

    Yes. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. pays a monthly dividend of about $1.09 per share annually, a forward yield of roughly 15.87%.

    What is OPP's dividend yield?

    As of Oct 27, 2026, OPP's forward dividend yield is 15.87%, based on a $1.09 annual dividend and a $6.88 share price.

    What is OPP's dividend per share?

    As of Oct 27, 2026, OPP pays $1.09 per share per year, distributed on a monthly basis.

    What is OPP's dividend payout ratio?

    As of Oct 27, 2026, OPP's payout ratio is 145% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has OPP grown its dividend?

    OPP does not currently have a long dividend-growth streak on record.

    When is the next OPP ex-dividend date?

    As of Oct 27, 2026, the next ex-dividend date on record for OPP is Nov 16, 2026.

    Income Calculator

    At $1.09 / yr per share

    Per payment (monthly)$9.08
    Annual$109.00
    Monthly avg$9.08

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