RiverNorth Opportunities Fund, Inc.
RIV-PAFinancial Services · Stock · quarterly payer
Forward Yield
7.17%
Annual Dividend
$1.50
Payout Ratio
—
5-Yr Growth
—
Ex-Date
Aug 3, 2026
Frequency
Quarterly
Summary
As of September 2026, RiverNorth Opportunities Fund, Inc. (RIV-PA) yields 7.17% ($1.50 per share annually), with a blended fair-value estimate of $24.11 — +15% upside, so it screens as undervalued. Dividend safety grade: B (74/100).
Is RIV-PA a good dividend stock?
Yes, with caveatsRiverNorth Opportunities Fund, Inc. (RIV-PA) pays a quarterly dividend yielding 7.17% ($1.50/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Never cut its dividend on record
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 7.17%
- Payout Ratio
- —
- Annual Dividend
- $1.50
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Aug 3, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- —
- Market Cap
- —
- P/E Ratio
- —
- 5-Yr Total Return
- —
- 52-Week Range
- $20.51 – $23.68
- Dividend Safety
- B · 74/100
- Ever Cut?
- No
Frequently Asked Questions
RIV-PA Price — Last 12 Months
Daily close
Price Return
1 Year
-11%
3 Years
-7%
5 Years
—
52-Week Range
$20.51 – $23.68
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is RIV-PA worth?
Undervaluedlow confidenceOur blended fair-value estimate for RiverNorth Opportunities Fund, Inc. is $24.11 per share, versus a market price of $20.93. That implies 15% of upside — a margin of safety of about 13%.
Fair Value
$24.11
Current Price
$20.93
Upside
+15%
Margin of Safety
13%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.3% discount rate (CAPM), 4.0% stage-1 growth, 2.5% terminal growth, $1.50 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
RIV-PA Dividend Safety Score
Safe
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 |
|---|---|---|---|
| Aug 3, 2026 | — | $0.3750 | regular |
| May 1, 2026 | — | $0.3750 | regular |
| Feb 2, 2026 | — | $0.3750 | regular |
| Nov 3, 2025 | — | $0.3750 | regular |
| Aug 1, 2025 | — | $0.3750 | regular |
| May 1, 2025 | — | $0.3750 | regular |
| Feb 3, 2025 | — | $0.3750 | regular |
| Nov 1, 2024 | — | $0.3750 | regular |
| Aug 1, 2024 | — | $0.3750 | regular |
| May 1, 2024 | — | $0.3750 | regular |
| Feb 1, 2024 | — | $0.3750 | regular |
| Nov 1, 2023 | — | $0.3750 | regular |
| May 1, 2023 | — | $0.3750 | regular |
| Feb 1, 2023 | — | $0.3750 | regular |
Income Calculator
At $1.50 / yr per share
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