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.
RiverNorth Opportunistic Municipal Income Fund Dividend Announcement
• RiverNorth Opportunistic Municipal Income Fund announced a monthly dividend of $0.10 per ordinary share which will be made payable on 2024-12-31. Ex dividend date: 2024-12-13
• RiverNorth Opportunistic Municipal Income Fund annual dividend for 2024 was $1.16
• RiverNorth Opportunistic Municipal Income Fund annual dividend for 2023 was $1.17
• RiverNorth Opportunistic Municipal Income Fund's trailing twelve-month (TTM) dividend yield is 7.31%
• RiverNorth Opportunistic Municipal Income Fund's payout ratio for the trailing twelve months (TTM) is 93.63%
• RiverNorth Opportunistic Municipal Income Fund's dividend growth over the last five years (2018-2023) was 66.35% year
RiverNorth Opportunistic Municipal Income Fund Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-13 | $0.10 | monthly | 2024-12-31 |
2024-11-15 | $0.10 | monthly | 2024-11-29 |
2024-10-15 | $0.10 | monthly | 2024-10-31 |
2024-09-13 | $0.10 | monthly | 2024-09-30 |
2024-08-15 | $0.10 | monthly | 2024-08-30 |
2024-07-15 | $0.10 | monthly | 2024-07-31 |
2024-06-14 | $0.10 | monthly | 2024-06-28 |
2024-05-14 | $0.10 | monthly | 2024-05-31 |
2024-04-12 | $0.10 | monthly | 2024-04-30 |
2024-03-14 | $0.10 | monthly | 2024-03-28 |
2024-02-14 | $0.10 | monthly | 2024-02-29 |
2024-01-12 | $0.10 | monthly | 2024-01-31 |
2023-12-14 | $0.10 | monthly | 2023-12-29 |
2023-11-14 | $0.10 | monthly | 2023-11-30 |
2023-10-12 | $0.10 | monthly | 2023-10-31 |
2023-09-14 | $0.10 | monthly | 2023-09-29 |
2023-08-14 | $0.10 | monthly | 2023-08-31 |
2023-07-13 | $0.10 | monthly | 2023-07-31 |
2023-06-14 | $0.10 | monthly | 2023-06-30 |
2023-05-12 | $0.10 | monthly | 2023-05-31 |
2023-04-13 | $0.10 | monthly | 2023-04-28 |
2023-03-14 | $0.10 | monthly | 2023-03-31 |
2023-02-14 | $0.10 | monthly | 2023-02-28 |
2023-01-12 | $0.10 | monthly | 2023-01-31 |
2022-12-14 | $0.10 | monthly | 2022-12-30 |
2022-11-14 | $0.10 | monthly | 2022-11-30 |
2022-10-13 | $0.10 | monthly | 2022-10-31 |
2022-09-15 | $0.10 | monthly | 2022-09-30 |
2022-08-16 | $0.10 | monthly | 2022-08-31 |
2022-07-14 | $0.10 | monthly | 2022-07-29 |
2022-06-15 | $0.10 | monthly | 2022-06-30 |
2022-05-12 | $0.10 | monthly | 2022-05-31 |
2022-04-13 | $0.10 | monthly | 2022-04-29 |
2022-03-16 | $0.10 | monthly | 2022-03-31 |
2022-02-10 | $0.10 | monthly | 2022-02-28 |
2022-01-13 | $0.10 | monthly | 2022-01-31 |
2021-12-15 | $0.09 | monthly | 2021-12-31 |
2021-11-10 | $0.09 | monthly | 2021-11-30 |
2021-10-14 | $0.09 | monthly | 2021-10-29 |
2021-09-15 | $0.09 | monthly | 2021-09-30 |
2021-08-16 | $0.09 | monthly | 2021-08-31 |
2021-07-15 | $0.09 | monthly | 2021-07-30 |
2021-06-15 | $0.09 | monthly | 2021-06-30 |
2021-05-13 | $0.09 | monthly | 2021-05-28 |
2021-04-15 | $0.09 | monthly | 2021-04-30 |
2021-03-16 | $0.09 | monthly | 2021-03-31 |
2021-02-10 | $0.09 | monthly | 2021-02-26 |
2021-01-14 | $0.09 | monthly | 2021-01-29 |
2020-12-16 | $0.29 | monthly | 2020-12-31 |
2020-11-12 | $0.09 | monthly | 2020-11-30 |
2020-10-15 | $0.09 | monthly | 2020-10-30 |
2020-09-15 | $0.09 | monthly | 2020-09-30 |
2020-08-13 | $0.09 | monthly | 2020-08-31 |
2020-07-16 | $0.09 | monthly | 2020-07-31 |
2020-06-15 | $0.09 | monthly | 2020-06-30 |
2020-05-14 | $0.09 | monthly | 2020-05-29 |
2020-04-15 | $0.09 | monthly | 2020-04-30 |
2020-03-16 | $0.09 | monthly | 2020-03-31 |
2020-02-13 | $0.09 | monthly | 2020-02-28 |
2020-01-16 | $0.09 | monthly | 2020-01-31 |
2019-12-11 | $0.09 | monthly | 2019-12-31 |
2019-11-13 | $0.09 | monthly | 2019-11-29 |
2019-10-16 | $0.09 | monthly | 2019-10-31 |
2019-09-11 | $0.09 | monthly | 2019-09-30 |
2019-08-14 | $0.09 | monthly | 2019-08-30 |
2019-07-10 | $0.09 | monthly | 2019-07-31 |
2019-06-12 | $0.09 | monthly | 2019-06-28 |
2019-05-15 | $0.09 | monthly | 2019-05-31 |
2019-04-17 | $0.09 | monthly | 2019-04-30 |
2019-03-13 | $0.09 | monthly | 2019-03-29 |
2019-02-13 | $0.09 | monthly | 2019-02-28 |
2019-01-16 | $0.09 | monthly | 2019-01-31 |
2018-12-11 | $0.09 | monthly | 2018-12-28 |
RiverNorth Opportunistic Municipal Income Fund Dividend per year
RiverNorth Opportunistic Municipal Income Fund Dividend growth
RiverNorth Opportunistic Municipal Income Fund Dividend Yield
RiverNorth Opportunistic Municipal Income Fund current trailing twelve-month (TTM) dividend yield is 7.31%. Interested in purchasing RiverNorth Opportunistic Municipal Income Fund stock? Use our calculator to estimate your expected dividend yield:
RiverNorth Opportunistic Municipal Income Fund Financial Ratios
RiverNorth Opportunistic Municipal Income Fund Dividend FAQ
Other factors to consider when evaluating RiverNorth Opportunistic Municipal Income Fund as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
1. Determination of Dividend: RiverNorth Opportunistic Municipal Income Fund's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, RiverNorth Opportunistic Municipal Income Fund publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, RiverNorth Opportunistic Municipal Income Fund distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from RiverNorth Opportunistic Municipal Income Fund are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: RiverNorth Opportunistic Municipal Income Fund sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, RiverNorth Opportunistic Municipal Income Fund distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: RiverNorth Opportunistic Municipal Income Fund declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of RiverNorth Opportunistic Municipal Income Fund's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review RiverNorth Opportunistic Municipal Income Fund's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.