RiverNorth Flexible Municipal Income Fund, Inc. to Issue Monthly Dividend of $0.10 (NYSEARCA:RFM)

RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM) announced a monthly dividend on Wednesday, July 3rd, Wall Street Journal reports. Investors of record on Thursday, August 15th will be given a dividend of 0.0954 per share on Friday, August 30th. This represents a $1.14 dividend on an annualized basis and a yield of 7.09%. The ex-dividend date of this dividend is Thursday, August 15th.

RiverNorth Flexible Municipal Income Fund Trading Up 0.2 %

RiverNorth Flexible Municipal Income Fund stock traded up $0.03 during midday trading on Wednesday, reaching $16.14. 8,698 shares of the company were exchanged, compared to its average volume of 15,487. The firm’s 50-day simple moving average is $16.10 and its 200-day simple moving average is $15.89. RiverNorth Flexible Municipal Income Fund has a 1 year low of $12.89 and a 1 year high of $16.54.

RiverNorth Flexible Municipal Income Fund Company Profile

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.