Rivernorth Managed Duration Municipal Income Fund Inc.

Rivernorth Managed Duration Municipal Income Fund Inc.verified

RMM

Price:

$14.623

Market Cap:

$288.65M

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. It seeks to invest in securities of any maturity. The fund employs a combination of fundamental and quantitative analysis. It benchmarks the performance of its portfolio against the Bloomberg Barclays Municipal Bond Index. The fund employs proprietary research to create its portfolio. Rivernorth Managed Duration Municipal Income Fund Inc. was formed on July 2...[Read more]

Industry

Asset Management - Income

IPO Date

2019-07-26

Stock Exchange

NYSE

Ticker

RMM

RMM Dividend History Overview

Dividends are a key part of long-term returns for investors, and Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) has a track record worth reviewing. Looking at dividend history for RMM gives you an idea of how consistent the dividends have been and what you might expect in the future.

Ex-Dividend Date

2024-12-13

Dividend Yield

7.52%

Annual Dividend

$0.09

P/E Ratio

11.42

Payout Ratio

0.86

Dividend per Share

$1.10

EPS

1.28

Ex-Date/EFF DateDividend AmountAdjusted DividendPayment DateDeclaration Date
2024-12-13$0.0916$0.09162024-12-312024-10-01
2024-11-15$0.0916$0.09162024-11-292024-10-01
2024-10-15$0.0916$0.09162024-10-312024-10-01
2024-09-13$0.0916$0.09162024-09-302024-07-01
2024-08-15$0.0916$0.09162024-08-302024-07-01
2024-07-15$0.0916$0.09162024-07-312024-07-01
2024-06-14$0.0916$0.09162024-06-282024-04-01
2024-05-14$0.092$0.092
2024-04-12$0.0916$0.09162024-04-302024-04-01
2024-03-14$0.0916$0.09162024-03-282024-01-02
2024-02-14$0.0916$0.09162024-02-292024-01-02

Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) Dividend History Chart

The table below shows Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) dividend history over the years, including the amount per share, the payout date, and any adjustments for stock splits.

Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) Dividend Growth

Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) dividend history also allows you to track its dividend growth over time. This gives you insight into how the company’s earnings and payout ratios have evolved. Tracking this growth can help you gauge the stock's potential for future income.

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Frequently asked questions❓

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