RiverNorth Opportunistic Municipal Income Fund Announces Monthly Dividend of $0.0889 per Share
RiverNorth Opportunistic Municipal Income Fund Inc (NYSE: RMI) has declared a monthly dividend of $0.0889 per share, offering an annualized forward yield of 7.51%. The dividends will be paid in three installments over the next quarter—October 30 for shareholders on record as of October 15; November 30 for those recorded by November 16; and December 31 for shareholders registered by December 15. The consistent monthly payout reflects RMI’s strategy to provide regular income to investors, which is particularly appealing in a low-yield environment. The fund focuses on municipal bonds, aiming to generate tax-advantaged returns while maintaining stable distributions.
Tickers: $RMI
Topics: dividends income investing