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

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) declared a monthly dividend on Thursday, October 1st. Shareholders of record on Monday, November 16th will be given a dividend of $0.0889 per share on Monday, November 30th. This represents a $1.07 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date is Monday, November 16th.

RiverNorth Opportunistic Municipal Income Fund Price Performance

Shares of RMI remained flat at $14.21 during mid-day trading on Friday. 2,517 shares of the stock were exchanged, compared to its average volume of 22,134. The firm has a 50-day moving average of $14.98 and a two-hundred day moving average of $15.21. RiverNorth Opportunistic Municipal Income Fund has a 12 month low of $13.11 and a 12 month high of $16.36.

About RiverNorth Opportunistic Municipal Income Fund

RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI) is a closed-end investment fund managed by RiverNorth Capital Management, LLC. The fund seeks to provide current income that is exempt from regular U.S. federal income tax, with capital appreciation as a secondary objective.

RMI invests primarily in municipal securities issued by states, cities, counties, and other public authorities in the United States. Its opportunistic strategy may include exposure to a range of municipal bonds and other municipal-income investments, allowing the portfolio to pursue opportunities across different credit qualities, maturities, structures, and market conditions.

The fund is designed for investors seeking tax-advantaged income from a professionally managed portfolio of municipal investments.