RiverNorth Opportunistic Municipal Income Fund, Inc.

RiverNorth Opportunistic Municipal Income Fund, Inc.verified

RMI

Price:

$16.12

Market Cap:

$102.76M

RiverNorth Opportunistic Municipal Income Fund, Inc. operates as Closed-End Investment Fund/Investment Trust. It specializes in opportunistic investment strategies in niche markets. The firm operates as investment manager to registered funds, private funds and separately managed accounts. The company is headquartered in West Palm Beach, FL.[Read more]

Industry

Financial - Conglomerates

IPO Date

2018-10-26

Stock Exchange

NYSE

Ticker

RMI

The Dividend Yield as of September 2024 (TTM) for RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) is 7.20%

According to RiverNorth Opportunistic Municipal Income Fund, Inc.’s latest financial reports and current stock price. The company's current Dividend Yield is 7.20%. This represents a change of 93.59% compared to the average of 3.72% of the last 4 quarters.

RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) Historical Dividend Yield (quarterly & annually)

How has RMI Dividend Yield performed in the past?

The mean historical Dividend Yield of RiverNorth Opportunistic Municipal Income Fund, Inc. over the last ten years is 7.00%. The current 7.20% Dividend Yield has changed 2.83% with respect to the historical average. Over the past ten years (40 quarters), RMI's Dividend Yield was at its highest in in the December 2021 quarter at 7.74%. The Dividend Yield was at its lowest in in the December 2018 quarter at 0.46%.

Quarterly (TTM)
Annual

Average

7.00%

Median

6.48%

Minimum

3.01%

Maximum

13.48%

RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) Dividend Yield by Quarter and Year

Discovering the peaks and valleys of RiverNorth Opportunistic Municipal Income Fund, Inc. Dividend Yield, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 141.06%

Maximum Annual Dividend Yield = 13.48%

Minimum Annual Increase = -45.42%

Minimum Annual Dividend Yield = 3.01%

Quarterly (TTM)
Annual
YearDividend YieldChange
20247.39%0.37%
20237.36%-45.42%
202213.48%141.06%
20215.59%7.80%
20205.19%72.56%

RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) Average Dividend Yield

How has RMI Dividend Yield performed in the past?

The current Dividend Yield of RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

9.41%

5-year avg

7.80%

10-year avg

7.00%

RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) Dividend Yield vs. Peers

How is RMI’s Dividend Yield compared to its peers?

RiverNorth Opportunistic Municipal Income Fund, Inc.’s Dividend Yield is less than MFS Investment Grade Municipal Trust (3.90%), less than Nuveen Preferred and Income Fund (1.29%), less than Rivernorth Managed Duration Municipal Income Fund Inc. (6.90%), less than BlackRock MuniHoldings New York Quality Fund, Inc. (4.57%), less than Virtus Convertible & Income 2024 Target Term Fund (3.68%), less than Invesco High Income 2024 Target Term Fund (4.92%), less than Eaton Vance National Municipal Opportunities Trust (4.25%), less than Federated Hermes Premier Municipal Income Fund (3.45%), less than Nuveen California Select Tax-Free Income Portfolio (3.56%),

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