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

Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM) announced a dividend on Wednesday, January 15th,investing.com reports. Stockholders of record on Thursday, January 16th will be given a dividend of 0.0905 per share on Friday, January 31st. This represents a dividend yield of 7.32%. The ex-dividend date is Wednesday, January 15th.

Rivernorth Managed Duration Municipal Income Fund Trading Up 0.6 %

Rivernorth Managed Duration Municipal Income Fund stock traded up $0.09 during trading hours on Wednesday, reaching $14.84. 31,660 shares of the stock were exchanged, compared to its average volume of 63,718. Rivernorth Managed Duration Municipal Income Fund has a twelve month low of $13.97 and a twelve month high of $16.37. The stock has a 50 day moving average of $15.21 and a two-hundred day moving average of $15.46.

Rivernorth Managed Duration Municipal Income Fund Company Profile

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.