RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM) Plans $0.09 Monthly Dividend

RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM) announced a monthly dividend on Wednesday, April 1st. Stockholders of record on Wednesday, April 15th will be paid a dividend of 0.0881 per share on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Wednesday, April 15th.

RiverNorth Flexible Municipal Income Fund Stock Down 0.2%

Shares of RFM traded down $0.03 during trading hours on Monday, reaching $14.41. 1,591 shares of the stock traded hands, compared to its average volume of 24,243. RiverNorth Flexible Municipal Income Fund has a 52 week low of $13.59 and a 52 week high of $14.90. The stock has a fifty day simple moving average of $14.37 and a 200 day simple moving average of $14.29.

About RiverNorth Flexible Municipal Income Fund

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.