RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report) announced a monthly dividend on Wednesday, July 1st. Investors of record on Tuesday, September 15th will be given a dividend of 0.0889 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Tuesday, September 15th.
RiverNorth Opportunistic Municipal Income Fund Stock Performance
RMI opened at $15.62 on Friday. The business has a fifty day simple moving average of $15.30 and a 200 day simple moving average of $15.13. RiverNorth Opportunistic Municipal Income Fund has a 1 year low of $13.71 and a 1 year 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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