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

Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM) announced a dividend on Wednesday, April 9th, investing.com reports. Stockholders of record on Wednesday, April 16th will be given a dividend of 0.0905 per share on Wednesday, April 30th. This represents a dividend yield of 8.32%. The ex-dividend date of this dividend is Tuesday, April 15th.

Rivernorth Managed Duration Municipal Income Fund Price Performance

Shares of RMM stock opened at $13.05 on Wednesday. Rivernorth Managed Duration Municipal Income Fund has a 12-month low of $13.05 and a 12-month high of $16.37. The business has a 50 day simple moving average of $14.68 and a 200 day simple moving average of $15.13.

About Rivernorth Managed Duration Municipal Income Fund

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.