RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report) announced a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.0945 per share on Monday, March 31st. This represents a $1.13 annualized dividend and a dividend yield of 7.40%. The ex-dividend date is Friday, March 14th.
RiverNorth Opportunistic Municipal Income Fund has increased its dividend by an average of 1.7% annually over the last three years.
RiverNorth Opportunistic Municipal Income Fund Stock Up 0.7 %
Shares of RMI traded up $0.11 on Friday, hitting $15.32. The company’s stock had a trading volume of 17,136 shares, compared to its average volume of 15,318. The company has a 50 day moving average price of $15.67 and a 200 day moving average price of $15.92. RiverNorth Opportunistic Municipal Income Fund has a fifty-two week low of $14.79 and a fifty-two week high of $16.74.
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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