RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI)
Financial Services · NYQ
Fundamentals
Valuation and ratings
RiverNorth Opportunistic Municipal Income Fund, Inc. trades at USD15.35, which is 60% above the USD6.17 our discounted cash flow model puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 5 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 128.5 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
RMI dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | USD0.623 | 7 |
| 2025 | USD1.14 | 12 |
| 2024 | USD1.16 | 12 |
| 2023 | USD1.16 | 12 |
| 2022 | USD1.25 | 12 |
| 2021 | USD2.29 | 13 |
| 2020 | USD1.30 | 12 |
| 2019 | USD1.10 | 12 |
| 2018 | USD0.092 | 1 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
RMI passes 1 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
1 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Ken Griffin, CITADEL ADVISORS LLC$182.7K · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Common questions
Is RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) undervalued?
Against our discounted cash flow estimate of USD6.17, RMI at USD15.35 is 60% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
Which funds own RMI?
1 of the institutions we track reported a position in RMI in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is RMI's P/E ratio?
RMI trades at 128.5 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) pay a dividend?
Yes. RiverNorth Opportunistic Municipal Income Fund, Inc. yields 6.92% at the current share price. It has paid USD1.10 per share over the trailing twelve months. It has paid a dividend in each of the last 8 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.