RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM – Get Free Report) was up 2.1% during trading on Tuesday . The stock traded as high as $16.21 and last traded at $16.21. Approximately 22,791 shares were traded during mid-day trading, an increase of 33% from the average daily volume of 17,159 shares. The stock had previously closed at $15.88.
RiverNorth Flexible Municipal Income Fund Price Performance
The company’s fifty day moving average price is $16.04 and its 200 day moving average price is $15.26.
RiverNorth Flexible Municipal Income Fund Cuts Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.0954 per share. This represents a $1.14 dividend on an annualized basis and a yield of 7.18%. The ex-dividend date is Tuesday, May 14th.
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.
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