Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM) Plans $0.09 Monthly Dividend

Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMMGet Free Report) declared a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.0905 per share on Friday, January 31st. This represents a $1.09 annualized dividend and a yield of 7.36%. The ex-dividend date is Wednesday, January 15th.

Rivernorth Managed Duration Municipal Income Fund Stock Performance

RMM stock opened at $14.76 on Friday. Rivernorth Managed Duration Municipal Income Fund has a 1-year low of $13.97 and a 1-year high of $16.37. The business has a fifty day moving average price of $15.29 and a 200-day moving average price of $15.47.

About Rivernorth Managed Duration Municipal Income Fund

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Rivernorth Managed Duration Municipal Income Fund Inc is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal debt securities.

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Dividend History for Rivernorth Managed Duration Municipal Income Fund (NYSEARCA:RMM)

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