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

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) announced a monthly dividend on Wednesday, April 1st. Shareholders of record on Wednesday, April 15th will be paid a dividend of 0.0889 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Wednesday, April 15th.

RiverNorth Opportunistic Municipal Income Fund Price Performance

RMI traded up $0.00 during mid-day trading on Monday, reaching $15.62. 4,415 shares of the company traded hands, compared to its average volume of 32,345. The company’s fifty day moving average price is $15.35 and its 200-day moving average price is $14.83. RiverNorth Opportunistic Municipal Income Fund has a 52-week low of $13.71 and a 52-week high of $16.36.

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.