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

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) declared a monthly dividend on Friday, January 2nd. Stockholders 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 dividend yield of 7.0%. The ex-dividend date is Friday, February 13th.

RiverNorth Opportunistic Municipal Income Fund Stock Down 0.3%

RiverNorth Opportunistic Municipal Income Fund stock traded down $0.05 during mid-day trading on Wednesday, hitting $15.15. 7,704 shares of the company’s stock traded hands, compared to its average volume of 20,501. RiverNorth Opportunistic Municipal Income Fund has a one year low of $13.63 and a one year high of $15.83. The firm has a 50 day moving average price of $14.61 and a 200 day moving average price of $14.44.

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.