RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report) declared a monthly dividend on Wednesday, July 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.0889 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Tuesday, September 15th.
RiverNorth Opportunistic Municipal Income Fund Stock Up 0.6%
Shares of RiverNorth Opportunistic Municipal Income Fund stock opened at $15.72 on Thursday. The firm’s fifty day simple moving average is $15.29 and its 200-day simple moving average is $15.12. RiverNorth Opportunistic Municipal Income Fund has a 12 month low of $13.71 and a 12 month high of $16.36.
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.
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