RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report) announced a monthly dividend on Monday, January 6th,Wall Street Journal reports. Investors of record on Friday, March 14th will be given a dividend of 0.0945 per share on Monday, March 31st. This represents a $1.13 annualized dividend and a yield of 7.43%. The ex-dividend date of this dividend is Friday, March 14th.
RiverNorth Opportunistic Municipal Income Fund has raised its dividend payment by an average of 1.7% per year over the last three years.
RiverNorth Opportunistic Municipal Income Fund Trading Down 0.3 %
Shares of RMI stock opened at $15.27 on Tuesday. RiverNorth Opportunistic Municipal Income Fund has a 1 year low of $14.79 and a 1 year high of $16.74. The stock has a fifty day moving average of $15.65 and a two-hundred day moving average of $15.91.
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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