Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM – Get Free Report) declared a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Shareholders 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 7.36%. The ex-dividend date is Friday, March 14th.
Rivernorth Managed Duration Municipal Income Fund Trading Up 1.4 %
NYSEARCA:RMM traded up $0.20 during midday trading on Friday, reaching $14.76. The company had a trading volume of 101,298 shares, compared to its average volume of 87,799. Rivernorth Managed Duration Municipal Income Fund has a 12-month low of $13.97 and a 12-month high of $16.37. The stock’s fifty day simple moving average is $15.30 and its 200-day simple moving average is $15.47.
About Rivernorth Managed Duration Municipal Income Fund
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