Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM – Get Free Report) announced a monthly dividend on Thursday, January 2nd, Wall Street Journal reports. Investors of record on Friday, March 14th will be paid a dividend of 0.0905 per share on Monday, March 31st. This represents a $1.09 dividend on an annualized basis and a yield of 7.45%. The ex-dividend date of this dividend is Friday, March 14th.
Rivernorth Managed Duration Municipal Income Fund Price Performance
Shares of NYSEARCA RMM opened at $14.57 on Wednesday. Rivernorth Managed Duration Municipal Income Fund has a 12 month low of $14.35 and a 12 month high of $16.37. The business has a 50-day moving average of $14.93 and a 200-day moving average of $15.34.
About Rivernorth Managed Duration Municipal Income Fund
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