RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report) announced a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 7.40%. The ex-dividend date is Friday, March 14th.
RiverNorth Opportunistic Municipal Income Fund has increased its dividend payment by an average of 1.7% per year over the last three years.
RiverNorth Opportunistic Municipal Income Fund Price Performance
Shares of NYSE:RMI opened at $15.32 on Friday. The firm has a fifty day simple moving average of $15.66 and a two-hundred day simple moving average of $15.92. RiverNorth Opportunistic Municipal Income Fund has a 52 week low of $14.79 and a 52 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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