STOCK DIVIDEND AND STOCK SPLIT
The most common method for companies to distribute wealth among shareholders is to pay dividends in the form of cash or stock. When a company has a low level of liquid cash on hand, stock dividends are typically issued in lieu of cash dividends. It is the board of directors that decides whether a dividend should be declared and in what form it should be distributed. Dividend yield is also a financial ratio that shows how much a company pays out in dividends on its shares each year, which is something investors look for in a stock.
Dividend Rate
Trailing Annual Dividend Rate
-
Forward Annual Dividend Rate
-
Yield
Trailing Annual Dividend Yield
N/A
Forward Annual Dividend Yield
7.5%
Dividend Date
Dividend Date
Oct 31, 2025
Ex-dividend Date
Oct 15, 2025
N/A %
-183.00
Dividend History
| Announced | Amount | Ex-Dividend Date | Record Date | Payment Date |
|---|---|---|---|---|
| Oct 01, 2025 | 0.095 | Oct 15, 2025 | Oct 15, 2025 | Oct 31, 2025 |
| Jul 01, 2025 | 0.095 | Jul 15, 2025 | Jul 15, 2025 | Jul 31, 2025 |
| Apr 01, 2025 | 0.095 | Apr 15, 2025 | Apr 15, 2025 | Apr 30, 2025 |
| Jan 02, 2025 | 0.095 | Mar 14, 2025 | Mar 14, 2025 | Mar 31, 2025 |
| Oct 01, 2024 | 0.097 | Dec 13, 2024 | Dec 13, 2024 | Dec 31, 2024 |
| Jul 01, 2024 | 0.097 | Sep 13, 2024 | Sep 13, 2024 | Sep 30, 2024 |
| Apr 01, 2024 | 0.097 | Jun 14, 2024 | Jun 14, 2024 | Jun 28, 2024 |
| Jan 02, 2024 | 0.097 | Mar 14, 2024 | Mar 15, 2024 | Mar 28, 2024 |
| Oct 02, 2023 | 0.097 | Dec 14, 2023 | Dec 15, 2023 | Dec 29, 2023 |
Stock Split History
| Date | Ratio | Change Before Split | Change After Split | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
No Data | |||||||||||||||||||
Frequently Asked Questions
Is RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) a dividend paying company?
In a company, dividends are a portion of profits paid out to shareholders - investors getting a little bit back on their investment. In particular, dividends benefit investors, especially income-seeking investors, because they provide mutual benefits both to companies and investors. Dividends are a strong indicator for a company's ability to produce profits consistently and reflect favorably on its management. RiverNorth Opportunistic Municipal Income Fund, Inc. is also among the companies that regularly pay dividends.
What is RMI's dividend yield?
Many factors affect dividend yields, including global market conditions, interest rates, and the financial status of an individual company.However, the average dividend yield for a good company is between 2% and 6%. RMI's annual dividend yield for the trailing 12 months is N/A.
When did RMI last pay a dividend?
RMI last paid dividends on 2025-10-31, with the ex-dividend date being 2025-10-15.
When was the last time RMI stock split?
RMI stock split took place on N/A.
How did RMI's stock split work?
Its last split took place on Invalid Date, when RiverNorth Opportunistic Municipal Income Fund, Inc. went through a undefined split leaving the shareholder with undefined share(s) who previously owned undefined RMI share(s).