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

Company Overview

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.

Key Stats

• Today's Range: $15.70 to $15.79
• 50-Day Range: $15.63 to $16.46
• 52-Week Range: $15.07 to $16.51
• Volume: 17,259 shs
• Average Volume: 17,052 shs
• Market Capitalization: N/A
• P/E Ratio: N/A
• Dividend Yield: 7.31%
• Price Target: N/A
• Consensus Rating: N/A

RMI Stock Analysis - Frequently Asked Questions

How have RMI shares performed this year?

RiverNorth Opportunistic Municipal Income Fund's stock was trading at $15.23 at the beginning of 2024. Since then, RMI shares have increased by 3.3% and is now trading at $15.73.
View the best growth stocks for 2024 here.

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 served 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 top institutional investors include Stratos Wealth Partners LTD., Wolverine Asset Management LLC and Prospera Financial Services Inc. Insiders that own company stock include Scott Sprauer and Patrick W Galley.
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.
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What other stocks do shareholders of RiverNorth Opportunistic Municipal Income Fund own?

Based on aggregate information from My MarketBeat watchlists, some other companies that RiverNorth Opportunistic Municipal Income Fund investors own include Agree Realty (ADC), Arbor Realty Trust (ABR), Easterly Government Properties (DEA), Lamar Advertising (LAMR), Medical Properties Trust (MPW), PIMCO California Municipal Income Fund (PCQ) and RiverNorth Flexible Municipal Income Fund (RFM).

Company Calendar

• Ex-Dividend for 11/29 Dividend: 11/15/2024
• Today: 11/23/2024
• Dividend Payable: 11/29/2024
• Ex-Dividend for 12/31 Dividend: 12/13/2024
• Dividend Payable: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Financial Conglomerates
• Sub-Industry: N/A
• Current Symbol: NYSE:RMI
• CUSIP: N/A
• CIK: 1746967
• Web: www.rivernorth.com
• Phone: 312-832-1440
• Fax: N/A
• Employees: 147,000
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: $8.74 million
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: N/A
• Free Float: N/A
• Market Cap: N/A
• Optionable: Not Optionable
• Beta: N/A