Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM – Get Free Report) declared a monthly dividend on Friday, January 3rd, Wall Street Journal reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.0905 per share on Monday, March 31st. This represents a $1.09 dividend on an annualized basis and a dividend yield of 7.45%. The ex-dividend date of this dividend is Friday, March 14th.
Rivernorth Managed Duration Municipal Income Fund Stock Performance
Shares of RMM opened at $14.57 on Wednesday. The company has a 50 day moving average of $14.93 and a two-hundred day moving average of $15.34. Rivernorth Managed Duration Municipal Income Fund has a twelve month low of $14.35 and a twelve month high of $16.37.
About Rivernorth Managed Duration Municipal Income Fund
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