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

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) declared 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 dividend yield of 6.8%. The ex-dividend date is Tuesday, September 15th.

RiverNorth Opportunistic Municipal Income Fund Stock Up 1.0%

Shares of RMI opened at $15.64 on Thursday. RiverNorth Opportunistic Municipal Income Fund has a one year low of $13.71 and a one year high of $16.36. The stock has a 50-day moving average of $15.29 and a two-hundred day moving average of $15.12.

RiverNorth Opportunistic Municipal Income Fund Company Profile

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.