RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report) announced a monthly dividend on Tuesday, October 1st,Wall Street Journal reports. Stockholders 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 dividend yield of 7.19%. The ex-dividend date is Friday, November 15th.
RiverNorth Opportunistic Municipal Income Fund has decreased its dividend by an average of 3.4% annually over the last three years.
RiverNorth Opportunistic Municipal Income Fund Price Performance
RiverNorth Opportunistic Municipal Income Fund stock traded up $0.24 during trading hours on Thursday, reaching $16.10. The company had a trading volume of 19,960 shares, compared to its average volume of 16,981. RiverNorth Opportunistic Municipal Income Fund has a 12-month low of $14.57 and a 12-month high of $16.51. The company has a 50-day moving average price of $16.13 and a 200 day moving average price of $15.99.
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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