Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM) Declares $0.09 Monthly Dividend

by · The Cerbat Gem

Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM – Get Free Report) declared a monthly dividend on Thursday, October 3rd, Wall Street Journal reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.0916 per share on Friday, November 29th. This represents a $1.10 annualized dividend and a dividend yield of 6.91%. The ex-dividend date is Friday, November 15th.

Rivernorth Managed Duration Municipal Income Fund Stock Performance

NYSEARCA RMM opened at $15.91 on Friday. The firm has a 50-day moving average of $15.65 and a 200-day moving average of $15.20. Rivernorth Managed Duration Municipal Income Fund has a 52-week low of $12.32 and a 52-week high of $16.37.

Rivernorth Managed Duration Municipal Income Fund Company Profile

(Get Free Report)

Rivernorth Managed Duration Municipal Income Fund Inc is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal debt securities.

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