RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM – Get Free Report) shares fell 0.8% during trading on Friday . The company traded as low as $15.75 and last traded at $15.76. 27,659 shares were traded during mid-day trading, an increase of 78% from the average session volume of 15,504 shares. The stock had previously closed at $15.88.
RiverNorth Flexible Municipal Income Fund Stock Performance
The stock has a 50-day simple moving average of $16.12 and a two-hundred day simple moving average of $16.06.
RiverNorth Flexible Municipal Income Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.0954 per share. The ex-dividend date is Friday, December 13th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.26%.
Institutional Investors Weigh In On RiverNorth Flexible Municipal Income Fund
RiverNorth Flexible Municipal Income Fund Company Profile
The RiverNorth Flexible Municipal Income Fund, Inc seeks to provide current income exempt from regular U.S. federal income taxes1 with a secondary objective of total return.
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