RiverNorth Flexible Municipal Income Fund, Inc. Declares Monthly Dividend of $0.10 (NYSEARCA:RFM)


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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.

About RiverNorth Flexible Municipal Income Fund

There is no company description available for RiverNorth Flexible Municipal Income.

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Dividend History for RiverNorth Flexible Municipal Income Fund (NYSEARCA:RFM)

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