RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) to Issue Monthly Dividend of $0.09 on August 31st

by · The Markets Daily

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report) declared a monthly dividend on Wednesday, July 1st. Stockholders of record on Friday, August 14th will be paid a dividend of 0.0889 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Friday, August 14th.

RiverNorth Opportunistic Municipal Income Fund Stock Performance

RiverNorth Opportunistic Municipal Income Fund stock opened at $15.62 on Friday. The company has a 50-day simple moving average of $15.30 and a 200-day simple moving average of $15.13. RiverNorth Opportunistic Municipal Income Fund has a one year low of $13.71 and a one year high of $16.36.

RiverNorth Opportunistic Municipal Income Fund Company Profile

(Get Free Report)

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.

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