RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) to Issue Monthly Dividend of $0.09 on May 29th

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) announced 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 7.0%. The ex-dividend date of this dividend is Friday, May 15th.

RiverNorth Opportunistic Municipal Income Fund Price Performance

Shares of NYSE:RMI traded up $0.06 during trading on Wednesday, hitting $15.32. 12,024 shares of the stock traded hands, compared to its average volume of 28,425. The company has a fifty day moving average price of $15.37 and a two-hundred day moving average price of $14.94. RiverNorth Opportunistic Municipal Income Fund has a 52-week low of $13.71 and a 52-week high of $16.36.

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.