RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) to Issue Monthly Dividend of $0.10 on February 29th

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMIGet Free Report) declared a monthly dividend on Thursday, January 4th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.0965 per share on Thursday, February 29th. This represents a $1.16 annualized dividend and a dividend yield of 7.23%. The ex-dividend date of this dividend is Wednesday, February 14th.

RiverNorth Opportunistic Municipal Income Fund Stock Performance

RiverNorth Opportunistic Municipal Income Fund stock opened at $16.01 on Monday. RiverNorth Opportunistic Municipal Income Fund has a 1 year low of $13.05 and a 1 year high of $18.73. The business has a 50-day moving average of $15.56 and a 200-day moving average of $15.27.

Hedge Funds Weigh In On RiverNorth Opportunistic Municipal Income Fund

Several institutional investors have recently modified their holdings of the stock. Advisor Group Holdings Inc. lifted its holdings in shares of RiverNorth Opportunistic Municipal Income Fund by 30.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 6,972 shares of the company’s stock valued at $129,000 after purchasing an additional 1,614 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in RiverNorth Opportunistic Municipal Income Fund in the 3rd quarter valued at approximately $218,000. Bank of America Corp DE lifted its stake in RiverNorth Opportunistic Municipal Income Fund by 18.9% in the 1st quarter. Bank of America Corp DE now owns 15,252 shares of the company’s stock valued at $255,000 after acquiring an additional 2,425 shares in the last quarter. Susquehanna International Group LLP bought a new stake in RiverNorth Opportunistic Municipal Income Fund in the 1st quarter valued at approximately $264,000. Finally, Raymond James & Associates bought a new stake in RiverNorth Opportunistic Municipal Income Fund in the 4th quarter valued at approximately $356,000.

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.

Featured Articles

Dividend History for RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI)

Receive News & Ratings for RiverNorth Opportunistic Municipal Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RiverNorth Opportunistic Municipal Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.