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

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) declared a monthly dividend on Wednesday, April 1st. Shareholders of record on Monday, June 15th will be given a dividend of 0.0889 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Monday, June 15th.

RiverNorth Opportunistic Municipal Income Fund Stock Performance

RMI traded down $0.01 during trading on Friday, hitting $15.34. 14,937 shares of the company’s stock were exchanged, compared to its average volume of 25,322. The business’s 50 day moving average is $15.30 and its two-hundred day moving average is $15.05. RiverNorth Opportunistic Municipal Income Fund has a fifty-two week low of $13.71 and a fifty-two week high of $16.36.

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.