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

Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMMGet Free Report) declared a dividend on Wednesday, January 15th,investing.com reports. Investors of record on Thursday, January 16th will be paid a dividend of 0.0905 per share on Friday, January 31st. This represents a yield of 7.32%. The ex-dividend date of this dividend is Wednesday, January 15th.

Rivernorth Managed Duration Municipal Income Fund Stock Performance

Shares of NYSEARCA RMM traded up $0.09 during midday trading on Wednesday, reaching $14.84. 31,660 shares of the company were exchanged, compared to its average volume of 63,718. The stock’s 50-day moving average price is $15.21 and its 200-day moving average price is $15.46. Rivernorth Managed Duration Municipal Income Fund has a one year low of $13.97 and a one year high of $16.37.

About Rivernorth Managed Duration Municipal Income Fund

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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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