RiverNorth Opportunities Fund, Inc.
RIVFinancial Services · Stock · monthly payer
Forward Yield
14.34%
Annual Dividend
$1.57
Payout Ratio
66%
5-Yr Growth
-6.4%
Ex-Date
Sep 15, 2026
Frequency
Monthly
Summary
As of September 2026, RiverNorth Opportunities Fund, Inc. (RIV) yields 14.34% ($1.57 per share annually), with a blended fair-value estimate of $18.78 — +70% upside, so it screens as undervalued. Dividend safety grade: C (59/100). 2 years of dividend growth.
Is RIV a good dividend stock?
Yes, with caveatsRiverNorth Opportunities Fund, Inc. (RIV) pays a monthly dividend yielding 14.34% ($1.57/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
Risks
- Cut its dividend in 2023
- 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
- 14.34%
- Payout Ratio
- 66%
- Annual Dividend
- $1.57
- 5-Yr Avg Growth
- -6.4%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- —
- Market Cap
- $298.6M
- P/E Ratio
- 4.7
- 5-Yr Total Return
- -33%
- 52-Week Range
- $10.93 – $12.36
- Dividend Safety
- C · 59/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
RIV Price — Last 12 Months
Daily close
Price Return
1 Year
-8%
3 Years
+9%
5 Years
-33%
52-Week Range
$10.93 – $12.36
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is RIV worth?
Undervaluedmedium confidenceOur blended fair-value estimate for RiverNorth Opportunities Fund, Inc. is $18.78 per share, versus a market price of $11.08. That implies 70% of upside — a margin of safety of about 41%.
Fair Value
$18.78
Current Price
$11.08
Upside
+70%
Margin of Safety
41%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 9.3% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $2.31 EPS, $1.57 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
RIV Dividend Safety Score
Borderline
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 14, 2026 | — | $0.1310 | regular |
| Jul 15, 2026 | — | $0.1310 | regular |
| Jun 15, 2026 | — | $0.1310 | regular |
| May 15, 2026 | — | $0.1310 | regular |
| Apr 15, 2026 | — | $0.1310 | regular |
| Mar 16, 2026 | — | $0.1310 | regular |
| Feb 13, 2026 | — | $0.1310 | regular |
| Jan 15, 2026 | — | $0.1310 | regular |
| Dec 15, 2025 | — | $0.1280 | regular |
| Nov 14, 2025 | — | $0.1280 | regular |
| Oct 15, 2025 | — | $0.1280 | regular |
| Sep 15, 2025 | — | $0.1280 | regular |
| Aug 15, 2025 | — | $0.1243 | regular |
| Jul 15, 2025 | — | $0.1243 | regular |
Income Calculator
At $1.57 / yr per share
