Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) to Issue Monthly Dividend of $0.09 on March 31st

Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMMGet Free Report) declared a monthly dividend on Monday, January 6th,Wall Street Journal reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.0905 per share on Monday, March 31st. This represents a $1.09 annualized dividend and a dividend yield of 7.34%. The ex-dividend date is Friday, March 14th.

Rivernorth Managed Duration Municipal Income Fund Stock Down 0.1 %

NYSEARCA:RMM opened at $14.80 on Wednesday. The business has a 50 day moving average price of $15.26 and a two-hundred day moving average price of $15.47. Rivernorth Managed Duration Municipal Income Fund has a twelve month low of $13.97 and a twelve month high of $16.37.

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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