RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) to Issue Monthly Dividend of $0.10 on April 30th

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) announced a monthly dividend on Monday, April 1st, NASDAQ reports. Stockholders of record on Monday, April 15th will be given a dividend of 0.0965 per share on Tuesday, April 30th. This represents a $1.16 annualized dividend and a dividend yield of 7.28%. The ex-dividend date is Friday, April 12th.

RiverNorth Opportunistic Municipal Income Fund Trading Down 0.5 %

Shares of NYSE RMI traded down $0.08 during trading hours on Wednesday, hitting $15.90. 34,117 shares of the stock were exchanged, compared to its average volume of 15,996. The firm has a fifty day moving average price of $16.07 and a 200-day moving average price of $15.29. RiverNorth Opportunistic Municipal Income Fund has a 12 month low of $13.05 and a 12 month high of $17.37.

Institutional Trading of RiverNorth Opportunistic Municipal Income Fund

Several large investors have recently made changes to their positions in RMI. Advisor Group Holdings Inc. raised its position in shares of RiverNorth Opportunistic Municipal Income Fund by 30.1% in the first quarter. Advisor Group Holdings Inc. now owns 6,972 shares of the company’s stock valued at $129,000 after buying an additional 1,614 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of RiverNorth Opportunistic Municipal Income Fund in the third quarter valued at approximately $218,000. Bank of America Corp DE grew its holdings in shares of RiverNorth Opportunistic Municipal Income Fund by 18.9% in the first quarter. Bank of America Corp DE now owns 15,252 shares of the company’s stock valued at $255,000 after purchasing an additional 2,425 shares in the last quarter. Susquehanna International Group LLP acquired a new position in RiverNorth Opportunistic Municipal Income Fund during the 1st quarter worth approximately $264,000. Finally, Raymond James & Associates acquired a new position in RiverNorth Opportunistic Municipal Income Fund during the 4th quarter worth approximately $356,000.

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.