NYSE:RMI

RiverNorth Opportunistic Municipal Income Fund (RMI) Stock Price, News & Analysis

$16.06
+0.01 (+0.06%)
(As of 05/10/2024 ET)
Today's Range
$15.95
$16.07
50-Day Range
$15.32
$16.50
52-Week Range
$13.05
$17.37
Volume
21,660 shs
Average Volume
15,292 shs
Market Capitalization
N/A
P/E Ratio
N/A
Dividend Yield
7.22%
Price Target
N/A
RMI stock logo

About RiverNorth Opportunistic Municipal Income Fund Stock (NYSE:RMI)

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.

RMI Stock Price History

RMI Stock News Headlines

RiverNorth Managed Duration Muni Inc Fd
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
RiverNorth Closed-End Funds Declare Monthly Distributions
RiverNorth Flexible Municipal Income Fund Inc
RiverNorth Opportunistic Municipal Income Fund Inc.
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
RMM And RFMZ: A Swap Makes Sense
RMI - RiverNorth Opportunistic Municipal Income Fund, Inc.
RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI)
Weekly Closed-End Fund Roundup: June 5, 2022
See More Headlines
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Company Calendar

Today
5/11/2024
Ex-Dividend for 5/31 Dividend
5/14/2024
Dividend Payable
5/31/2024
Ex-Dividend for 6/28 Dividend
6/14/2024
Dividend Payable
6/28/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Financial Conglomerates
Sub-Industry
N/A
Fax
N/A
Employees
147,000
Year Founded
N/A

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$6.77 million

Miscellaneous

Free Float
N/A
Optionable
Not Optionable
Beta
N/A
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RMI Stock Analysis - Frequently Asked Questions

How have RMI shares performed in 2024?

RiverNorth Opportunistic Municipal Income Fund's stock was trading at $15.23 at the start of the year. Since then, RMI stock has increased by 5.4% and is now trading at $16.06.
View the best growth stocks for 2024 here
.

Are investors shorting RiverNorth Opportunistic Municipal Income Fund?

RiverNorth Opportunistic Municipal Income Fund saw a increase in short interest in April. As of April 30th, there was short interest totaling 4,700 shares, an increase of 67.9% from the April 15th total of 2,800 shares. Based on an average trading volume of 15,600 shares, the days-to-cover ratio is presently 0.3 days.
View RiverNorth Opportunistic Municipal Income Fund's Short Interest
.

How often does RiverNorth Opportunistic Municipal Income Fund pay dividends? What is the dividend yield for RiverNorth Opportunistic Municipal Income Fund?

RiverNorth Opportunistic Municipal Income Fund declared a monthly dividend on Thursday, April 4th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.0965 per share on Friday, June 28th. This represents a $1.16 annualized dividend and a yield of 7.21%. The ex-dividend date of this dividend is Friday, June 14th.
Read our dividend analysis for RMI
.

Is RiverNorth Opportunistic Municipal Income Fund a good dividend stock?

RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI) pays an annual dividend of $1.16 per share and currently has a dividend yield of 0.05%.
Read our dividend analysis for RMI.

When did RiverNorth Opportunistic Municipal Income Fund IPO?

RiverNorth Opportunistic Municipal Income Fund (RMI) raised $74 million in an initial public offering on Wednesday, August 5th 2015. The company issued 3,800,000 shares at a price of $19.00-$20.00 per share. Baird, Keefe, Bruyette & Woods (A Stifel Company) and SunTrust Robinson Humphrey acted as the underwriters for the IPO and Nomura, Oppenheimer and J.J.B. Hilliard, W.L. Lyons were co-managers.

Who are RiverNorth Opportunistic Municipal Income Fund's major shareholders?

RiverNorth Opportunistic Municipal Income Fund's stock is owned by many different retail and institutional investors. Top institutional shareholders include Fairhaven Wealth Management LLC (0.00%). Insiders that own company stock include Patrick W Galley, Robert A Dimella, Scott Sprauer and Stephen Andrew O'neill.
View institutional ownership trends
.

How do I buy shares of RiverNorth Opportunistic Municipal Income Fund?

Shares of RMI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:RMI) was last updated on 5/11/2024 by MarketBeat.com Staff

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