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

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Thursday, January 15th will be given a dividend of 0.0889 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date is Thursday, January 15th.

RiverNorth Opportunistic Municipal Income Fund Stock Performance

Shares of NYSE RMI traded up $0.05 during midday trading on Tuesday, hitting $14.63. The stock had a trading volume of 1,386 shares, compared to its average volume of 24,319. RiverNorth Opportunistic Municipal Income Fund has a 1-year low of $13.63 and a 1-year high of $15.84. The company has a fifty day moving average price of $14.52 and a 200 day moving average price of $14.36.

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.