RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) To Go Ex-Dividend on September 15th

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) announced a monthly dividend on Monday, July 7th, Wall Street Journal reports. Shareholders of record on Monday, September 15th will be paid a dividend of 0.0945 per share on Tuesday, September 30th. This represents a $1.13 annualized dividend and a dividend yield of 7.91%. The ex-dividend date is Monday, September 15th.

RiverNorth Opportunistic Municipal Income Fund Price Performance

Shares of RMI opened at $14.33 on Wednesday. RiverNorth Opportunistic Municipal Income Fund has a fifty-two week low of $13.63 and a fifty-two week high of $16.74. The business has a 50-day moving average of $14.39 and a 200 day moving average of $14.87.

Institutional Trading of RiverNorth Opportunistic Municipal Income Fund

An institutional investor recently raised its position in RiverNorth Opportunistic Municipal Income Fund stock. Bank of America Corp DE raised its holdings in shares of RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) by 35.6% during the fourth 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 acquiring an additional 640 shares during the quarter. Bank of America Corp DE’s holdings in RiverNorth Opportunistic Municipal Income Fund were worth $37,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.