RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report) declared a monthly dividend on Thursday, October 3rd, Wall Street Journal reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.0965 per share on Friday, November 29th. This represents a $1.16 annualized dividend and a yield of 7.06%. The ex-dividend date is Friday, November 15th.
RiverNorth Opportunistic Municipal Income Fund has decreased its dividend by an average of 3.4% per year over the last three years.
RiverNorth Opportunistic Municipal Income Fund Stock Down 0.3 %
Shares of NYSE RMI traded down $0.05 during midday trading on Thursday, reaching $16.40. 6,926 shares of the stock traded hands, compared to its average volume of 16,971. The company’s 50 day moving average is $16.06 and its 200 day moving average is $15.92. RiverNorth Opportunistic Municipal Income Fund has a one year low of $13.05 and a one year high of $16.50.
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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