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

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

RiverNorth Opportunistic Municipal Income Fund Stock Performance

NYSE RMI traded down $0.01 during trading hours on Friday, reaching $15.34. 14,937 shares of the company were exchanged, compared to its average volume of 25,322. RiverNorth Opportunistic Municipal Income Fund has a 1 year low of $13.71 and a 1 year high of $16.36. The business’s 50 day simple moving average is $15.30 and its 200-day simple moving average is $15.05.

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.