RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) Plans $0.09 Monthly Dividend

Posted by Max Byerly on Apr 5th, 2025

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Friday, June 13th will be paid a dividend of 0.0945 per share on Monday, June 30th. This represents a $1.13 annualized dividend and a yield of 7.77%. The ex-dividend date of this dividend is Friday, June 13th.

RiverNorth Opportunistic Municipal Income Fund has raised its dividend by an average of 1.3% annually over the last three years.

RiverNorth Opportunistic Municipal Income Fund Stock Down 2.4 %

Shares of NYSE RMI opened at $14.60 on Friday. RiverNorth Opportunistic Municipal Income Fund has a 1 year low of $14.50 and a 1 year high of $16.74. The firm’s 50-day moving average is $15.46 and its 200-day moving average is $15.69.

Institutional Trading of RiverNorth Opportunistic Municipal Income Fund

A hedge fund recently raised its stake in RiverNorth Opportunistic Municipal Income Fund stock. Bank of America Corp DE increased its position in shares of RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Free Report) by 35.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,440 shares of the company’s stock after acquiring an additional 640 shares during the quarter. Bank of America Corp DE’s holdings in RiverNorth Opportunistic Municipal Income Fund were worth $37,000 as of its most recent SEC filing.

About RiverNorth Opportunistic Municipal Income Fund

(Get Free Report)

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.