RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report) declared a monthly dividend on Wednesday, April 1st. Shareholders of record on Friday, May 15th will be given a dividend of 0.0889 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date is Friday, May 15th.
RiverNorth Opportunistic Municipal Income Fund Stock Performance
NYSE RMI traded up $0.13 on Wednesday, reaching $15.39. The stock had a trading volume of 1,806 shares, compared to its average volume of 28,327. RiverNorth Opportunistic Municipal Income Fund has a 1 year low of $13.71 and a 1 year high of $16.36. The business has a 50 day moving average price of $15.37 and a 200 day moving average price of $14.94.
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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