RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report) announced 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 dividend on an annualized basis and a yield of 7.30%. The ex-dividend date is Friday, November 15th.
RiverNorth Opportunistic Municipal Income Fund has decreased its dividend payment by an average of 3.4% per year over the last three years.
RiverNorth Opportunistic Municipal Income Fund Price Performance
RMI stock opened at $15.86 on Thursday. RiverNorth Opportunistic Municipal Income Fund has a 1 year low of $14.42 and a 1 year high of $16.51. The business’s 50-day moving average is $16.13 and its two-hundred day moving average is $15.99.
RiverNorth Opportunistic Municipal Income Fund Company Profile
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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