Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM – Get Free Report) declared a monthly dividend on Thursday, July 4th, Wall Street Journal reports. Investors of record on Thursday, August 15th will be given a dividend of 0.0916 per share on Friday, August 30th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 7.11%. The ex-dividend date is Thursday, August 15th.
Rivernorth Managed Duration Municipal Income Fund Stock Up 0.4 %
Shares of RMM opened at $15.46 on Friday. The stock has a 50 day moving average of $14.90 and a 200 day moving average of $14.87. Rivernorth Managed Duration Municipal Income Fund has a 12 month low of $12.32 and a 12 month high of $15.85.
About Rivernorth Managed Duration Municipal Income Fund
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