RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report) announced a monthly dividend on Tuesday, October 1st, NASDAQ reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of 0.0965 per share on Thursday, October 31st. This represents a $1.16 annualized dividend and a dividend yield of 7.06%. The ex-dividend date of this dividend is Tuesday, October 15th.
RiverNorth Opportunistic Municipal Income Fund has decreased its dividend by an average of 3.4% per year over the last three years.
RiverNorth Opportunistic Municipal Income Fund Stock Down 0.3 %
RMI stock traded down $0.05 during trading on Thursday, reaching $16.40. 6,926 shares of the stock were exchanged, compared to its average volume of 16,971. The firm’s 50 day moving average is $16.06 and its 200 day moving average is $15.92. RiverNorth Opportunistic Municipal Income Fund has a twelve month low of $13.05 and a twelve month high of $16.50.
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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