RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) To Go Ex-Dividend on June 13th

Posted by Latisha Jones 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. Stockholders 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 dividend yield of 7.77%. The ex-dividend date is Friday, June 13th.

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

RiverNorth Opportunistic Municipal Income Fund Stock Performance

Shares of RMI opened at $14.60 on Friday. The company has a 50-day moving average price of $15.46 and a two-hundred day moving average price of $15.69. RiverNorth Opportunistic Municipal Income Fund has a 12 month low of $14.50 and a 12 month high of $16.74.

Institutional Inflows and Outflows

An institutional investor recently raised its position in RiverNorth Opportunistic Municipal Income Fund stock. Bank of America Corp DE grew 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 Form 13F filing with the Securities and Exchange Commission. The fund owned 2,440 shares of the company’s stock after buying 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 filing with the Securities and Exchange Commission.

About RiverNorth Opportunistic Municipal Income Fund

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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.