RiverNorth Opportunistic Municipal Income Fund, Inc. Declares Monthly Dividend of $0.09 (NYSE:RMI)

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Investors of record on Friday, June 13th will be given a dividend of 0.0945 per share on Monday, June 30th. This represents a $1.13 annualized dividend and a yield of 7.59%. The ex-dividend date is Friday, June 13th.

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

RiverNorth Opportunistic Municipal Income Fund Trading Down 0.4 %

RiverNorth Opportunistic Municipal Income Fund stock traded down $0.06 during mid-day trading on Thursday, hitting $14.94. The company’s stock had a trading volume of 27,313 shares, compared to its average volume of 20,155. The stock’s fifty day moving average price is $15.49 and its two-hundred day moving average price is $15.70. RiverNorth Opportunistic Municipal Income Fund has a twelve month low of $14.79 and a twelve month high of $16.74.

Institutional Investors Weigh In On RiverNorth Opportunistic Municipal Income Fund

An institutional investor recently raised its position in RiverNorth Opportunistic Municipal Income Fund stock. Bank of America Corp DE boosted its stake in shares of RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) by 35.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,440 shares of the company’s stock after purchasing an additional 640 shares during the quarter. Bank of America Corp DE’s holdings in RiverNorth Opportunistic Municipal Income Fund were worth $37,000 at the end of the most recent quarter.

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.