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

Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM) announced a monthly dividend on Thursday, October 3rd,Wall Street Journal reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.0916 per share on Friday, November 29th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 7.06%. The ex-dividend date is Friday, November 15th.

Rivernorth Managed Duration Municipal Income Fund Stock Up 0.4 %

Rivernorth Managed Duration Municipal Income Fund stock opened at $15.58 on Thursday. The business has a 50 day moving average of $15.77 and a 200-day moving average of $15.36. Rivernorth Managed Duration Municipal Income Fund has a 1 year low of $13.97 and a 1 year high of $16.37.

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.