RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) to Issue Monthly Dividend of $0.09 on March 31st

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) declared a monthly dividend on Thursday, January 2nd, Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 7.37%. The ex-dividend date of this dividend is Friday, March 14th.

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

RiverNorth Opportunistic Municipal Income Fund Trading Down 0.1 %

Shares of RMI stock opened at $15.39 on Wednesday. RiverNorth Opportunistic Municipal Income Fund has a 1 year low of $14.79 and a 1 year high of $16.74. The stock has a fifty day moving average of $15.56 and a two-hundred day moving average of $15.79.

Institutional Trading of RiverNorth Opportunistic Municipal Income Fund

A hedge fund recently raised its stake in RiverNorth Opportunistic Municipal Income Fund stock. Bank of America Corp DE boosted its position in shares of RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) by 35.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,440 shares of the company’s stock after purchasing an additional 640 shares during the period. Bank of America Corp DE’s holdings in RiverNorth Opportunistic Municipal Income Fund were worth $37,000 at the end of the most recent reporting period.

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.