RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report) announced a monthly dividend on Wednesday, July 3rd, Wall Street Journal reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.0965 per share on Friday, August 30th. This represents a $1.16 annualized dividend and a dividend yield of 7.28%. The ex-dividend date of this dividend is Thursday, August 15th.
RiverNorth Opportunistic Municipal Income Fund has decreased its dividend payment by an average of 3.4% annually over the last three years.
RiverNorth Opportunistic Municipal Income Fund Trading Up 0.5 %
Shares of NYSE RMI opened at $15.90 on Friday. RiverNorth Opportunistic Municipal Income Fund has a 52 week low of $13.05 and a 52 week high of $17.37. The firm has a 50-day moving average price of $15.85 and a 200 day moving average price of $15.83.
RiverNorth Opportunistic Municipal Income Fund Company Profile
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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