RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report) announced a monthly dividend on Monday, July 1st, Wall Street Journal reports. Investors of record on Friday, September 13th will be paid a dividend of 0.0965 per share on Monday, September 30th. This represents a $1.16 annualized dividend and a yield of 7.26%. The ex-dividend date is Friday, September 13th.
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 0.4 %
RMI opened at $15.95 on Wednesday. RiverNorth Opportunistic Municipal Income Fund has a twelve month low of $13.05 and a twelve month high of $16.50. The company has a fifty day moving average of $15.97 and a 200-day moving average of $15.92.
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.
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