RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) Shareholders Set to Receive $0.09 Monthly Dividend

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) declared a monthly dividend on Thursday, October 1st. Shareholders of record on Monday, November 16th will be paid a dividend of $0.0889 per share on Monday, November 30th. This represents a $1.07 annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Monday, November 16th.

RiverNorth Opportunistic Municipal Income Fund Price Performance

Shares of NYSE RMI traded up $0.02 on Friday, reaching $14.23. 2,475 shares of the company’s stock traded hands, compared to its average volume of 22,134. The business’s 50 day simple moving average is $14.98 and its two-hundred day simple moving average is $15.21. RiverNorth Opportunistic Municipal Income Fund has a 12 month low of $13.11 and a 12 month high of $16.36.

RiverNorth Opportunistic Municipal Income Fund Company Profile

RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI) is a closed-end investment fund managed by RiverNorth Capital Management, LLC. The fund seeks to provide current income that is exempt from regular U.S. federal income tax, with capital appreciation as a secondary objective.

RMI invests primarily in municipal securities issued by states, cities, counties, and other public authorities in the United States. Its opportunistic strategy may include exposure to a range of municipal bonds and other municipal-income investments, allowing the portfolio to pursue opportunities across different credit qualities, maturities, structures, and market conditions.

The fund is designed for investors seeking tax-advantaged income from a professionally managed portfolio of municipal investments.