RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) to Issue $0.10 Monthly Dividend

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) announced a monthly dividend on Tuesday, October 1st,Wall Street Journal reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.0965 per share on Friday, November 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.19%. The ex-dividend date is Friday, November 15th.

RiverNorth Opportunistic Municipal Income Fund has decreased its dividend by an average of 3.4% annually over the last three years.

RiverNorth Opportunistic Municipal Income Fund Trading Up 1.5 %

Shares of NYSE:RMI traded up $0.24 during trading on Thursday, reaching $16.10. 20,710 shares of the company traded hands, compared to its average volume of 16,981. The firm has a fifty day simple moving average of $16.13 and a 200 day simple moving average of $15.99. RiverNorth Opportunistic Municipal Income Fund has a 1-year low of $14.57 and a 1-year high of $16.51.

About RiverNorth Opportunistic Municipal Income Fund

The RiverNorth Opportunistic Municipal Income Fund, Inc (the “Fund”) seeks to provide current income exempt from regular U.S. federal income taxes1 with a secondary objective of total return.