RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ – Get Free Report) announced a monthly dividend on Wednesday, July 3rd, Wall Street Journal reports. Shareholders of record on Thursday, August 15th will be paid a dividend of 0.0974 per share on Friday, August 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 7.17%. The ex-dividend date is Thursday, August 15th.
RiverNorth Managed Duration Municipal Income Fund II Price Performance
Shares of RMMZ traded down $0.01 during trading on Wednesday, reaching $16.29. 9,791 shares of the company traded hands, compared to its average volume of 20,042. RiverNorth Managed Duration Municipal Income Fund II has a twelve month low of $12.92 and a twelve month high of $16.99. The stock has a 50-day simple moving average of $15.88 and a 200-day simple moving average of $15.85.
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