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

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) declared a monthly dividend on Wednesday, July 1st. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.0889 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date is Wednesday, July 15th.

RiverNorth Opportunistic Municipal Income Fund Trading Up 0.6%

Shares of NYSE:RMI traded up $0.10 during trading hours on Thursday, hitting $15.72. The company’s stock had a trading volume of 409 shares, compared to its average volume of 23,973. RiverNorth Opportunistic Municipal Income Fund has a 52 week low of $13.71 and a 52 week high of $16.36. The firm’s fifty day moving average price is $15.29 and its 200 day moving average price is $15.12.

About RiverNorth Opportunistic Municipal Income Fund

RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI) is a closed-end management investment company that seeks to deliver tax-exempt income through diversified exposure to U.S. municipal securities. The fund is structured as a non-diversified, interval fund and primarily caters to investors pursuing high-quality, tax-advantaged income from state and local government obligations.

RMI employs an opportunistic, value-oriented investment process, focusing on both traditional investment-grade bonds and specialized niches within the municipal market.