RiverNorth Opportunities Fund, Inc. (RIV)

Financial Services · NYQ

USD11.28+0.31% today

Fundamentals

Market capUSD313.95M
P/E ratio5.0
Dividend yield13.81%
52-week rangeUSD10.93 to USD12.36

Valuation and ratings

DCF fair valueUSD19.63
Upside to fair value+74.1%
Moat score5/100
Overall rating52/100, Hold

Fair value: USD19.63 (+74.1%), see how we got there

RiverNorth Opportunities Fund, Inc. trades at USD11.28, which is 74% below the USD19.63 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.

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 5.0 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.

RIV dividend history

Dividend yield13.81%
Paid, trailing 12 monthsUSD1.29 per share
Most recent paymentUSD0.131, ex 15 Jul 2026
Ex-dividend date14 Aug 2026
Dividend payment date30 Apr 2019
5-year growth (p.a.)-6.4%
Consecutive years of growth2
Consecutive years paid10

Dividends per share by year

YearTotal per sharePayments
2026 (year to date)USD0.6555
2025USD1.5112
2024USD1.5012
2023USD1.4912
2022USD1.9812
2021USD2.2212
2020USD2.1012
2019USD1.9612
2018USD2.4112
2017USD1.9212
2016USD2.3114

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 Opportunities Fund, Inc.

RiverNorth Opportunities Fund, Inc. is a close ended equity mutual fund co- launched and co- managed by ALPS Advisors, Inc. and RiverNorth Capital Management, LLC. It invests in the equity markets. The fund seeks to invest in stocks of companies operating across the diversified sectors. RiverNorth Opportunities Fund, Inc. was formed on December 24, 2015 and is domiciled in the United States.

Industry: Asset ManagementHQ: United States

RIV passes 2 of our 30 screens today

Each screen prints the exact criteria it used, and the circumstances in which it is wrong.

Common questions

Is RiverNorth Opportunities Fund, Inc. (RIV) undervalued?

Against our discounted cash flow estimate of USD19.63, RIV at USD11.28 is 74% 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.

What is RIV's P/E ratio?

RIV trades at 5.0 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 Opportunities Fund, Inc. (RIV) pay a dividend?

Yes. RiverNorth Opportunities Fund, Inc. yields 13.81% at the current share price. It has paid USD1.29 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.