RIVERNORTH OPPO/SH to Issue Monthly Dividend of $0.09 (NYSE:RMI)
RIVERNORTH OPPO/SH (NYSE:RMI) declared a monthly dividend on Tuesday, October 1st, Zacks reports. Shareholders of record on Thursday, October 17th will be paid a dividend of 0.092 per share on Thursday, October 31st. This represents a $1.10 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date is Wednesday, October 16th.
Shares of NYSE:RMI opened at $22.40 on Tuesday. The stock has a fifty day simple moving average of $22.31 and a two-hundred day simple moving average of $21.69. RIVERNORTH OPPO/SH has a 12-month low of $18.84 and a 12-month high of $23.29.
In other RIVERNORTH OPPO/SH news, insider Brian H. Schmucker sold 8,445 shares of RIVERNORTH OPPO/SH stock in a transaction on Friday, August 16th. The stock was sold at an average price of $22.40, for a total transaction of $189,168.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Patrick W. Galley sold 5,880 shares of RIVERNORTH OPPO/SH stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $21.65, for a total value of $127,302.00. The disclosure for this sale can be found here.
There is no company description available for RiverNorth Opportunistic Municipal Income Fund, Inc.
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