RiverNorth Managed Duration Municipal Income Fund, Inc. (NYSEARCA:RMM) declared a — dividend on Wednesday, September 4th, Wall Street Journal reports. Stockholders of record on Thursday, December 12th will be given a dividend of 0.0917 per share on Tuesday, December 31st. This represents a dividend yield of 5.4%. The ex-dividend date is Wednesday, December 11th.
Shares of NYSEARCA:RMM traded down $0.46 during trading on Wednesday, reaching $20.24. The stock had a trading volume of 233,673 shares, compared to its average volume of 55,800. RiverNorth Managed Duration Municipal Income Fund has a 52 week low of $19.75 and a 52 week high of $20.80.
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