RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP)
Financial Services · NYQ
Fundamentals
Valuation and ratings
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. trades at USD7.65, close to the USD8.50 our discounted cash flow model puts on the business. On this measure the market and the model broadly agree, so the interesting question is which of them is wrong.
Our moat model scores it 5 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 7.7 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
OPP dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | USD0.637 | 7 |
| 2025 | USD1.14 | 12 |
| 2024 | USD1.19 | 12 |
| 2023 | USD1.21 | 12 |
| 2022 | USD1.75 | 12 |
| 2021 | USD1.89 | 12 |
| 2020 | USD2.13 | 12 |
| 2019 | USD2.17 | 12 |
| 2018 | USD1.78 | 12 |
| 2017 | USD1.49 | 12 |
| 2016 | USD0.217 | 2 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
About RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by DoubleLine Capital LP. It invests in fixed income markets. The fund seeks to benchmark the performance of its portfolio against the Barclays Capital U.S. Aggregate Bond Index. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. was formed on December 30, 2010 and is domiciled in the United States.
OPP passes 1 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
1 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Ken Griffin, CITADEL ADVISORS LLC$92.2K · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Common questions
Is RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) undervalued?
Against our discounted cash flow estimate of USD8.50, OPP at USD7.65 is 11% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
Which funds own OPP?
1 of the institutions we track reported a position in OPP in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is OPP's P/E ratio?
OPP trades at 7.7 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) pay a dividend?
Yes. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. yields 14.24% at the current share price. It has paid USD1.11 per share over the trailing twelve months. It has paid a dividend in each of the last 10 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.