RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) to Issue Monthly Dividend of $0.10

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMIGet Rating) declared a monthly dividend on Tuesday, April 5th, Wall Street Journal reports. Shareholders of record on Friday, May 13th will be given a dividend of 0.104 per share on Tuesday, May 31st. This represents a $1.25 dividend on an annualized basis and a yield of 7.65%. The ex-dividend date of this dividend is Thursday, May 12th.

RMI stock opened at $16.32 on Tuesday. RiverNorth Opportunistic Municipal Income Fund has a 52 week low of $15.97 and a 52 week high of $24.24. The business’s 50-day moving average is $18.34.

Several institutional investors and hedge funds have recently modified their holdings of the business. UBS Group AG lifted its stake in shares of RiverNorth Opportunistic Municipal Income Fund by 14.9% during the third quarter. UBS Group AG now owns 140,431 shares of the company’s stock worth $3,247,000 after purchasing an additional 18,171 shares in the last quarter. Morgan Stanley increased its holdings in RiverNorth Opportunistic Municipal Income Fund by 7.6% in the third quarter. Morgan Stanley now owns 138,920 shares of the company’s stock valued at $3,212,000 after buying an additional 9,765 shares during the last quarter. Wells Fargo & Company MN increased its holdings in RiverNorth Opportunistic Municipal Income Fund by 4.4% in the fourth quarter. Wells Fargo & Company MN now owns 116,962 shares of the company’s stock valued at $2,609,000 after buying an additional 4,941 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of RiverNorth Opportunistic Municipal Income Fund by 65.5% during the fourth quarter. Advisors Asset Management Inc. now owns 86,490 shares of the company’s stock valued at $1,929,000 after purchasing an additional 34,235 shares during the last quarter. Finally, Advisor Group Holdings Inc. grew its holdings in shares of RiverNorth Opportunistic Municipal Income Fund by 30.1% during the first 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 during the last quarter.

About RiverNorth Opportunistic Municipal Income Fund (Get Rating)

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.

Further Reading

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

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