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

Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMMGet Free Report) declared a dividend on Wednesday, January 15th,investing.com reports. Investors of record on Thursday, January 16th will be given a dividend of 0.0905 per share on Friday, January 31st. This represents a yield of 7.32%. The ex-dividend date is Wednesday, January 15th.

Rivernorth Managed Duration Municipal Income Fund Stock Performance

Shares of NYSEARCA RMM opened at $14.84 on Thursday. The stock’s 50-day moving average is $15.21 and its two-hundred day moving average is $15.46. Rivernorth Managed Duration Municipal Income Fund has a 1-year low of $13.97 and a 1-year high of $16.37.

About Rivernorth Managed Duration Municipal Income Fund

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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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Dividend History for Rivernorth Managed Duration Municipal Income Fund (NYSEARCA:RMM)

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