RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) to Issue Monthly Dividend of $0.09

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) announced a monthly dividend on Wednesday, April 1st. Stockholders of record on Friday, May 15th will be given a dividend of 0.0889 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Friday, May 15th.

RiverNorth Opportunistic Municipal Income Fund Price Performance

Shares of RMI stock traded up $0.10 during trading hours on Wednesday, reaching $15.36. 4,478 shares of the stock were exchanged, compared to its average volume of 28,333. RiverNorth Opportunistic Municipal Income Fund has a 12-month low of $13.71 and a 12-month high of $16.36. The company’s 50-day moving average price is $15.37 and its 200-day moving average price is $14.94.

RiverNorth Opportunistic Municipal Income Fund Company Profile

RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI) is a closed-end management investment company that seeks to deliver tax-exempt income through diversified exposure to U.S. municipal securities. The fund is structured as a non-diversified, interval fund and primarily caters to investors pursuing high-quality, tax-advantaged income from state and local government obligations.

RMI employs an opportunistic, value-oriented investment process, focusing on both traditional investment-grade bonds and specialized niches within the municipal market.