RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report) announced a monthly dividend on Monday, January 6th,Wall Street Journal reports. Investors of record on Friday, March 14th will be given a dividend of 0.0945 per share on Monday, March 31st. This represents a $1.13 dividend on an annualized basis and a yield of 7.40%. The ex-dividend date is Friday, March 14th.
RiverNorth Opportunistic Municipal Income Fund has raised its dividend by an average of 1.7% annually over the last three years.
RiverNorth Opportunistic Municipal Income Fund Stock Up 0.7 %
Shares of RMI stock opened at $15.32 on Monday. RiverNorth Opportunistic Municipal Income Fund has a fifty-two week low of $14.79 and a fifty-two week high of $16.74. The firm’s 50 day moving average price is $15.66 and its two-hundred day moving average price is $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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