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, January 2nd,NASDAQ Dividends reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.0905 per share on Friday, January 31st. This represents a $1.09 dividend on an annualized basis and a yield of 7.35%. The ex-dividend date of this dividend is Wednesday, January 15th.

Rivernorth Managed Duration Municipal Income Fund Stock Performance

Shares of RMM stock opened at $14.78 on Monday. The stock’s 50 day simple moving average is $15.23 and its two-hundred day simple moving average is $15.47. 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.