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

Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMMGet Free Report) declared a monthly dividend on Monday, July 8th, Wall Street Journal reports. Investors of record on Friday, September 13th will be paid a dividend of 0.0916 per share on Monday, September 30th. This represents a $1.10 dividend on an annualized basis and a yield of 7.17%. The ex-dividend date is Friday, September 13th.

Rivernorth Managed Duration Municipal Income Fund Stock Performance

Shares of RMM opened at $15.34 on Wednesday. Rivernorth Managed Duration Municipal Income Fund has a fifty-two week low of $12.32 and a fifty-two week high of $15.85. The firm’s 50-day simple moving average is $14.95 and its two-hundred day simple moving average is $14.89.

Rivernorth Managed Duration Municipal Income Fund Company Profile

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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.

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Dividend History for Rivernorth Managed Duration Municipal Income Fund (NYSEARCA:RMM)

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