RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report) declared 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 7.40%. The ex-dividend date of this dividend is Friday, March 14th.
RiverNorth Opportunistic Municipal Income Fund has increased its dividend by an average of 1.7% per year over the last three years.
RiverNorth Opportunistic Municipal Income Fund Stock Performance
Shares of RiverNorth Opportunistic Municipal Income Fund stock traded up $0.11 on Friday, hitting $15.32. 17,136 shares of the company’s stock traded hands, compared to its average volume of 15,318. The firm’s 50-day moving average price is $15.67 and its two-hundred day moving average price is $15.92. RiverNorth Opportunistic Municipal Income Fund has a one year low of $14.79 and a one year high of $16.74.
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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