RiverNorth Opportunistic Municipal Income Fund, Inc. declares $0.0945 dividend
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 02 2025
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Source: SeekingAlpha
Dividend Declaration: RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) has declared a monthly dividend of $0.0945 per share with a forward yield of 7.96%.
Payment Schedule: The dividends are payable on July 31, August 29, and September 30 for shareholders of record on July 15, August 15, and September 15, respectively.
Analyst Views on RMI
Wall Street analysts forecast RMI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RMI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 14.670
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Current: 14.670
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About RMI
Rivernorth Opportunistic Municipal Income Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from regular United States federal income taxes. The Fund’s secondary investment objective is total return. The Company’s investment strategy includes Tactical Municipal Closed-End Fund (CEF) Strategy and Municipal Bond Income Strategy. The Tactical Municipal CEF Strategy typically invests in municipal CEFs and exchange-traded funds (ETFs) and other investment companies. The Municipal Bond Income Strategy primarily invests in municipal bonds of any credit quality, including securities that are rated below investment grade. The Fund’s investment adviser is RiverNorth Capital Management, LLC. The Fund’s sub-adviser is MacKay Shields, LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
