RiverNorth Opportunistic Municipal Income Fund, Inc.
RMIFinancial Services · Stock · monthly payer
Forward Yield
7.61%
Annual Dividend
$1.07
Payout Ratio
60%
5-Yr Growth
0.6%
Ex-Date
Sep 15, 2026
Frequency
Monthly
Summary
As of September 2026, RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) yields 7.61% ($1.07 per share annually), with a blended fair-value estimate of $14.13 — -3% downside, so it screens as fairly valued. Dividend safety grade: C (53/100).
Is RMI a good dividend stock?
MixedRiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) pays a monthly dividend yielding 7.61% ($1.07/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2023
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 7.61%
- Payout Ratio
- 60%
- Annual Dividend
- $1.07
- 5-Yr Avg Growth
- 0.6%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- —
- Market Cap
- $87.6M
- P/E Ratio
- 7.6
- 5-Yr Total Return
- -33%
- 52-Week Range
- $14.06 – $16.36
- Dividend Safety
- C · 53/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
RMI Price — Last 12 Months
Daily close
Price Return
1 Year
-0%
3 Years
+7%
5 Years
-33%
52-Week Range
$14.06 – $16.36
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is RMI worth?
Fairly valuedhigh confidenceOur blended fair-value estimate for RiverNorth Opportunistic Municipal Income Fund, Inc. is $14.13 per share, versus a market price of $14.64. That implies the stock is roughly fairly priced.
Fair Value
$14.13
Current Price
$14.64
Gap
-3%
Margin of Safety
-4%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 4.4% annual free-cash-flow growth. We model 0.6% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.3% discount rate (CAPM), 0.6% stage-1 growth, 2.5% terminal growth, $1.81 EPS, $1.07 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
RMI Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full RMI dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | — | $0.0890 | regular |
| Aug 14, 2026 | — | $0.0890 | regular |
| Jul 15, 2026 | — | $0.0890 | regular |
| Jun 15, 2026 | — | $0.0890 | regular |
| May 15, 2026 | — | $0.0890 | regular |
| Apr 15, 2026 | — | $0.0890 | regular |
| Mar 16, 2026 | — | $0.0890 | regular |
| Feb 13, 2026 | — | $0.0890 | regular |
| Jan 15, 2026 | — | $0.0890 | regular |
| Dec 15, 2025 | — | $0.0950 | regular |
| Nov 14, 2025 | — | $0.0950 | regular |
| Oct 15, 2025 | — | $0.0950 | regular |
| Sep 15, 2025 | — | $0.0950 | regular |
| Aug 15, 2025 | — | $0.0950 | regular |
Income Calculator
At $1.07 / yr per share
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