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

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) declared a monthly dividend on Friday, January 2nd. Shareholders of record on Friday, February 13th will be paid a dividend of 0.0889 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend is Friday, February 13th.

RiverNorth Opportunistic Municipal Income Fund Trading Down 0.4%

RiverNorth Opportunistic Municipal Income Fund stock traded down $0.06 during mid-day trading on Wednesday, reaching $15.13. The company had a trading volume of 7,699 shares, compared to its average volume of 20,716. The stock’s 50-day simple moving average is $14.61 and its 200-day simple moving average is $14.44. RiverNorth Opportunistic Municipal Income Fund has a 1 year low of $13.63 and a 1 year high of $15.83.

About RiverNorth Opportunistic Municipal Income Fund

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.