RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report) declared a monthly dividend on Wednesday, July 3rd, Wall Street Journal reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.0965 per share on Friday, August 30th. This represents a $1.16 annualized dividend and a dividend yield of 7.28%. The ex-dividend date of this dividend is Thursday, August 15th.
RiverNorth Opportunistic Municipal Income Fund has decreased its dividend payment by an average of 3.4% annually over the last three years.
RiverNorth Opportunistic Municipal Income Fund Stock Performance
NYSE:RMI traded up $0.08 during mid-day trading on Wednesday, hitting $15.90. 22,216 shares of the stock were exchanged, compared to its average volume of 15,079. The firm’s 50-day simple moving average is $15.83 and its 200 day simple moving average is $15.83. RiverNorth Opportunistic Municipal Income Fund has a fifty-two week low of $13.05 and a fifty-two week high of $17.37.
RiverNorth Opportunistic Municipal Income Fund Company Profile
The RiverNorth Opportunistic Municipal Income Fund, Inc (the “Fund”) seeks to provide current income exempt from regular U.S. federal income taxes1 with a secondary objective of total return.
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