RiverNorth Flexible Municipal Income Fund, Inc. Announces Monthly Dividend of $0.10 (NYSEARCA:RFM)

RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM) declared a monthly dividend on Wednesday, July 7th, Wall Street Journal reports. Shareholders of record on Thursday, September 16th will be given a dividend of 0.1042 per share on Thursday, September 30th. This represents a $1.25 annualized dividend and a yield of 5.19%. The ex-dividend date of this dividend is Wednesday, September 15th.

NYSEARCA:RFM opened at $24.09 on Tuesday. The company’s 50-day moving average is $24.22 and its two-hundred day moving average is $23.48. RiverNorth Flexible Municipal Income Fund has a 1-year low of $19.65 and a 1-year high of $24.77.

In other RiverNorth Flexible Municipal Income Fund news, Portfolio Manager Robert A. Dimella sold 2,949 shares of the business’s stock in a transaction dated Thursday, June 17th. The shares were sold at an average price of $24.00, for a total value of $70,776.00.

A hedge fund recently raised its stake in RiverNorth Flexible Municipal Income Fund stock. Wells Fargo & Company MN lifted its stake in RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM) by 2.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 76,422 shares of the company’s stock after acquiring an additional 1,881 shares during the quarter. Wells Fargo & Company MN’s holdings in RiverNorth Flexible Municipal Income Fund were worth $1,808,000 at the end of the most recent reporting period.

About RiverNorth Flexible Municipal Income Fund

The RiverNorth Flexible Municipal Income Fund, Inc seeks to provide current income exempt from regular U.S. federal income taxes1 with a secondary objective of total return.

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Dividend History for RiverNorth Flexible Municipal Income Fund (NYSEARCA:RFM)

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