RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) To Go Ex-Dividend on March 14th

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) announced a monthly dividend on Friday, January 3rd, 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 annualized dividend and a yield of 7.37%. The ex-dividend date is Friday, March 14th.

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

RiverNorth Opportunistic Municipal Income Fund Stock Performance

Shares of RMI opened at $15.39 on Wednesday. RiverNorth Opportunistic Municipal Income Fund has a 12 month low of $14.79 and a 12 month high of $16.74. The firm has a fifty day simple moving average of $15.56 and a 200 day simple moving average of $15.79.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RiverNorth Opportunistic Municipal Income Fund stock. Bank of America Corp DE lifted its position in shares of RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) by 35.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,440 shares of the company’s stock after acquiring an additional 640 shares during the period. 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.

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.