SmarterDividends
RIV

RiverNorth Opportunities Fund, Inc.

RIV

Financial Services · Asset Management · Stock · monthly payer

$10.13

Undervalued · +64% Add to Portfolio

Forward Yield

15.47%

Annual Dividend

$1.57

Payout Ratio

100%

5-Yr Growth

-6.4%

Ex-Date

Nov 16, 2026

Frequency

Monthly

Key facts about RIV's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, RiverNorth Opportunities Fund, Inc. (RIV) has a forward dividend yield of 15.47%, based on an annual dividend of $1.57 per share and a share price of $10.13.
  • As of Oct 27, 2026, RIV's dividend safety grade from SmarterDividends is C (53 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, RiverNorth Opportunities Fund, Inc. (RIV) has raised its dividend for 2 consecutive years as of Oct 27, 2026.
  • RIV last cut its regular dividend in 2023.
  • RIV'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, RIV pays out 100% of its trailing 12-month earnings as dividends (its payout ratio).
  • RIV's dividend has shrunk at an average rate of 6.4% a year over the past five years.
  • As of Oct 27, 2026, RIV's 15.47% yield is 16% above its five-year average yield of 13.36%.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for RIV is $16.63 per share, 64% above the $10.13 share price, so RIV screens as undervalued.
  • RiverNorth Opportunities Fund, Inc. (RIV) pays its dividend monthly, 12 times a year.
  • RiverNorth Opportunities Fund, Inc. (RIV) has raised its regular dividend 7 times and cut it 3 times across the 132 payments on record since 2016. Its most recent change was a 2.3% increase to $0.131 per share, going ex-dividend on Jan 15, 2026. The last cut went ex-dividend on Jan 12, 2023.
Cite this page

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

Summary

As of Oct 27, 2026, RiverNorth Opportunities Fund, Inc. (RIV) yields 15.47% ($1.57 a year per share), has a dividend safety grade of C (53/100) and has 2 consecutive years of dividend increases on record.

Is RIV a good dividend stock?

Mixed

RiverNorth Opportunities Fund, Inc. (RIV) pays a monthly dividend yielding 15.47% ($1.57/yr), with 2 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

    Risks

    • Cut its dividend in 2023
    • Elevated payout ratio (100%)
    • Dividend has been shrinking, not growing
    • Very high yield can signal elevated risk
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    15.47%
    Payout Ratio
    100%
    Annual Dividend
    $1.57
    5-Yr Avg Growth
    -6.4%
    Ex-Dividend Date
    Nov 16, 2026
    Years of Growth
    2
    Frequency
    monthly
    Beta
    —
    Market Cap
    $311.3M
    P/E Ratio
    6.6
    5-Yr Total Return
    -40%
    52-Week Range
    $9.82 – $12.15
    Dividend Safety
    C · 53/100
    Ever Cut?
    Yes (2023)

    RIV dividend raises and cuts

    RiverNorth Opportunities Fund, Inc. (RIV) has raised its regular dividend 7 times and cut it 3 times across the 132 payments on record since 2016. Its most recent change was a 2.3% increase to $0.131 per share, going ex-dividend on Jan 15, 2026. The last cut went ex-dividend on Jan 12, 2023.

    Ex-dateChangeOld → newMove
    Jan 15, 2026Raise$0.128 → $0.131+2.3%
    Sep 15, 2025Raise$0.124 → $0.128+3.0%
    Jan 12, 2024Raise$0.124 → $0.125+0.8%
    Jan 12, 2023Cut$0.165 → $0.124−24.7%
    Jan 14, 2021Cut$0.175 → $0.165−5.6%
    Jan 16, 2020Raise$0.165 → $0.175+5.9%
    Oct 11, 2019Raise$0.162 → $0.165+1.7%
    Jan 17, 2019Cut$0.200 → $0.162−19.0%
    Oct 12, 2017Raise$0.197 → $0.200+1.6%
    Aug 10, 2017Raise$0.132 → $0.197+50.0%
    Every RIV payment →Download every raise and cut (CSV)
    RIV ex-dividend date & scheduleNext ex-date Nov 16, 2026 · full ex-dividend historyView →RIV dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is RIV a good dividend stock?

    Mixed. RiverNorth Opportunities Fund, Inc. (RIV) pays a monthly dividend yielding 15.47% ($1.57/yr), with 2 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

    Is RIV undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, RIV's fair value is about $16.63 versus a $10.13 share price — so it looks undervalued (+64% vs. fair value).

    Is RIV's dividend safe?

    RIV has a dividend-safety grade of C (53/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

    What is RIV's fair value?

    Our blended fair-value estimate for RIV is about $16.63 per share, roughly 64% above the current $10.13 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is RIV a buy, hold, or sell?

    We don't issue formal ratings, but on the data RIV screens as "mixed" and undervalued. RiverNorth Opportunities Fund, Inc. (RIV) pays a monthly dividend yielding 15.47% ($1.57/yr), with 2 years of growth and a dividend-safety grade of C. 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 RIV cut its dividend?

    RIV earns a dividend-safety grade of C (53/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does RIV pay a dividend?

    Yes. RiverNorth Opportunities Fund, Inc. pays a monthly dividend of about $1.57 per share annually, a forward yield of roughly 15.47%.

    What is RIV's dividend yield?

    As of Oct 27, 2026, RIV's forward dividend yield is 15.47%, based on a $1.57 annual dividend and a $10.13 share price.

    What is RIV's dividend per share?

    As of Oct 27, 2026, RIV pays $1.57 per share per year, distributed on a monthly basis.

    What is RIV's dividend payout ratio?

    As of Oct 27, 2026, RIV's payout ratio is 100% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has RIV grown its dividend?

    As of Oct 27, 2026, RIV has increased its dividend for 2 consecutive years.

    When is the next RIV ex-dividend date?

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

    Income Calculator

    At $1.57 / yr per share

    Per payment (monthly)$13.08
    Annual$157.00
    Monthly avg$13.08

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