SmarterDividends
SPE

Special Opportunities Fund, Inc.

SPE

Financial Services · Asset Management · Stock · monthly payer

$12.36

Undervalued · +53% Add to Portfolio

Forward Yield

10.39%

Annual Dividend

$2.01

Payout Ratio

143%

5-Yr Growth

3.2%

Ex-Date

Oct 20, 2026

Frequency

Monthly

Key facts about SPE's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 15, 2026, Special Opportunities Fund, Inc. (SPE) has a forward dividend yield of 10.39%, based on an annual dividend of $2.01 per share and a share price of $12.36.
  • As of Oct 15, 2026, SPE's dividend safety grade from SmarterDividends is C (54 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Special Opportunities Fund, Inc. (SPE) has raised its dividend for 2 consecutive years as of Oct 15, 2026.
  • SPE last cut its regular dividend in 2023.
  • SPE's next ex-dividend date is Oct 20, 2026, with payment on Oct 30, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 15, 2026, SPE pays out 143% of its trailing 12-month earnings as dividends (its payout ratio).
  • SPE's dividend has grown at an average rate of 3.2% a year over the past five years.
  • As of Oct 15, 2026, SmarterDividends' blended fair-value estimate for SPE is $18.91 per share, 53% above the $12.36 share price, so SPE screens as undervalued.
  • Special Opportunities Fund, Inc. (SPE) pays its dividend monthly, 12 times a year.
Cite this page

SmarterDividends, "SPE Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 15, 2026, https://smarterdividends.com/stocks/SPE

Summary

As of Oct 15, 2026, Special Opportunities Fund, Inc. (SPE) yields 10.39% ($2.01 a year per share), has a dividend safety grade of C (54/100) and has 2 consecutive years of dividend increases on record.

Is SPE a good dividend stock?

Mixed

Special Opportunities Fund, Inc. (SPE) pays a monthly dividend yielding 10.39% ($2.01/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 (143%)
    • Very high yield can signal elevated risk
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    10.39%
    Payout Ratio
    143%
    Annual Dividend
    $2.01
    5-Yr Avg Growth
    3.2%
    Ex-Dividend Date
    Oct 20, 2026
    Years of Growth
    2
    Frequency
    monthly
    Beta
    0.79
    Market Cap
    $136.2M
    P/E Ratio
    13.4
    5-Yr Total Return
    -21%
    52-Week Range
    $12.42 – $15.59
    Dividend Safety
    C · 54/100
    Ever Cut?
    Yes (2023)
    SPE ex-dividend date & scheduleNext ex-date Oct 20, 2026 · full ex-dividend historyView →SPE dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is SPE a good dividend stock?

    Mixed. Special Opportunities Fund, Inc. (SPE) pays a monthly dividend yielding 10.39% ($2.01/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 SPE undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, SPE's fair value is about $18.91 versus a $12.36 share price — so it looks undervalued (+53% vs. fair value).

    Is SPE's dividend safe?

    SPE has a dividend-safety grade of C (54/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

    What is SPE's fair value?

    Our blended fair-value estimate for SPE is about $18.91 per share, roughly 53% above the current $12.36 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is SPE a buy, hold, or sell?

    We don't issue formal ratings, but on the data SPE screens as "mixed" and undervalued. Special Opportunities Fund, Inc. (SPE) pays a monthly dividend yielding 10.39% ($2.01/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 SPE cut its dividend?

    SPE earns a dividend-safety grade of C (54/100), 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 SPE pay a dividend?

    Yes. Special Opportunities Fund, Inc. pays a monthly dividend of about $2.01 per share annually, a forward yield of roughly 10.39%.

    What is SPE's dividend yield?

    As of Oct 15, 2026, SPE's forward dividend yield is 10.39%, based on a $2.01 annual dividend and a $12.36 share price.

    What is SPE's dividend per share?

    As of Oct 15, 2026, SPE pays $2.01 per share per year, distributed on a monthly basis.

    What is SPE's dividend payout ratio?

    As of Oct 15, 2026, SPE's payout ratio is 143% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has SPE grown its dividend?

    As of Oct 15, 2026, SPE has increased its dividend for 2 consecutive years.

    When is the next SPE ex-dividend date?

    As of Oct 15, 2026, the next ex-dividend date on record for SPE is Oct 20, 2026.

    Income Calculator

    At $2.01 / yr per share

    Per payment (monthly)$16.76
    Annual$201.10
    Monthly avg$16.76

    Similar Dividend Stocks

    JPMJPMJPMorgan Chase & Co.1.99%Financial ServicesVVVisa Inc.0.68%Financial ServicesMAMAMastercard Incorporated0.58%Financial ServicesBACBACBank of America Corporation2.37%Financial Services

    Compare SPE

    SPE vs JPMSPE vs VSPE vs MASPE vs BAC

    Explore more

    Lists and tools related to SPE