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

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Investors of record on Friday, June 13th will be paid a dividend of 0.0945 per share on Monday, June 30th. This represents a $1.13 annualized dividend and a yield of 7.59%. The ex-dividend date of this dividend is Friday, June 13th.

RiverNorth Opportunistic Municipal Income Fund has increased its dividend payment by an average of 1.3% annually over the last three years.

RiverNorth Opportunistic Municipal Income Fund Stock Down 0.4 %

NYSE:RMI traded down $0.06 during mid-day trading on Thursday, reaching $14.94. 27,313 shares of the company were exchanged, compared to its average volume of 20,155. RiverNorth Opportunistic Municipal Income Fund has a 12 month low of $14.79 and a 12 month high of $16.74. The company has a fifty day moving average of $15.49 and a 200 day moving average of $15.70.

Institutional Inflows and Outflows

An institutional investor recently raised its position in RiverNorth Opportunistic Municipal Income Fund stock. Bank of America Corp DE raised its position in RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) by 35.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,440 shares of the company’s stock after purchasing an additional 640 shares during the quarter. 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.

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.