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

Posted by Teresa Graham on Apr 6th, 2025

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report) declared a monthly dividend on Friday, April 4th, Wall Street Journal reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 7.77%. The ex-dividend date of this dividend is Friday, June 13th.

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

RiverNorth Opportunistic Municipal Income Fund Stock Down 2.4 %

Shares of RMI stock opened at $14.60 on Friday. RiverNorth Opportunistic Municipal Income Fund has a 1 year low of $14.50 and a 1 year high of $16.74. The firm’s fifty day simple moving average is $15.46 and its 200 day simple moving average is $15.69.

Institutional Inflows and Outflows

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 – Free Report) by 35.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,440 shares of the company’s stock after acquiring 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 quarter.

RiverNorth Opportunistic Municipal Income Fund Company Profile

(Get Free Report)

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.