RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report) declared a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.0945 per share on Friday, January 31st. This represents a $1.13 dividend on an annualized basis and a yield of 7.40%. The ex-dividend date is Wednesday, January 15th.
RiverNorth Opportunistic Municipal Income Fund has raised its dividend by an average of 1.7% annually over the last three years.
RiverNorth Opportunistic Municipal Income Fund Price Performance
RMI opened at $15.33 on Monday. RiverNorth Opportunistic Municipal Income Fund has a twelve month low of $14.79 and a twelve month high of $16.74. The firm has a 50 day moving average price of $15.60 and a 200-day moving average price of $15.90.
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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