Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM – Get Free Report) announced a monthly dividend on Monday, July 1st, Wall Street Journal reports. Stockholders of record on Monday, July 15th will be paid a dividend of 0.0916 per share on Wednesday, July 31st. This represents a $1.10 annualized dividend and a dividend yield of 7.13%. The ex-dividend date of this dividend is Monday, July 15th.
Rivernorth Managed Duration Municipal Income Fund Price Performance
NYSEARCA RMM opened at $15.41 on Friday. Rivernorth Managed Duration Municipal Income Fund has a 52-week low of $12.32 and a 52-week high of $15.85. The firm has a 50-day moving average price of $14.99 and a 200 day moving average price of $14.91.
About Rivernorth Managed Duration Municipal Income Fund
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