RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM) declared a monthly dividend on Tuesday, April 6th, Wall Street Journal reports. Investors of record on Friday, April 16th will be given a dividend of 0.1042 per share on Friday, April 30th. This represents a $1.25 annualized dividend and a yield of 5.53%. The ex-dividend date is Thursday, April 15th.
RFM opened at $22.60 on Thursday. RiverNorth Flexible Municipal Income Fund has a twelve month low of $16.82 and a twelve month high of $23.60. The company’s 50-day moving average price is $21.99 and its two-hundred day moving average price is $21.37.
In related news, insider Rivernorth Capital Management, sold 3,325 shares of the company’s stock in a transaction that occurred on Tuesday, March 23rd. The shares were sold at an average price of $22.19, for a total transaction of $73,781.75. In the last quarter, insiders sold 10,111 shares of company stock worth $224,871.
There is no company description available for RiverNorth Flexible Municipal Income.
Featured Story: Understanding the different types of bonds
Receive News & Ratings for RiverNorth Flexible Municipal Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RiverNorth Flexible Municipal Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.