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 paid a dividend of 0.0945 per share on Monday, March 31st. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.45%. The ex-dividend date of this dividend is Friday, March 14th.
RiverNorth Opportunistic Municipal Income Fund has raised its dividend payment by an average of 1.7% annually over the last three years.
RiverNorth Opportunistic Municipal Income Fund Stock Performance
RMI opened at $15.22 on Wednesday. The firm’s 50-day moving average price is $15.64 and its 200-day moving average price is $15.91. RiverNorth Opportunistic Municipal Income Fund has a 52-week low of $14.79 and a 52-week high of $16.74.
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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