Rivernorth Managed Duration Municipal Income Fund Inc.

Rivernorth Managed Duration Municipal Income Fund Inc.verified

RMM

Price:

$15.91

Market Cap:

$314.06M

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

The Dividend Yield as of September 2024 (TTM) for Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) is 6.90%

According to Rivernorth Managed Duration Municipal Income Fund Inc.’s latest financial reports and current stock price. The company's current Dividend Yield is 6.90%. This represents a change of Infinity% compared to the average of 0% of the last 4 quarters.

Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) Historical Dividend Yield (quarterly & annually)

How has RMM Dividend Yield performed in the past?

The mean historical Dividend Yield of Rivernorth Managed Duration Municipal Income Fund Inc. over the last ten years is 3.94%. The current 6.90% Dividend Yield has changed 75.34% with respect to the historical average. Over the past ten years (40 quarters), RMM's Dividend Yield was at its highest in in the June 2020 quarter at 3.21%. The Dividend Yield was at its lowest in in the December 2019 quarter at 0%.

Quarterly (TTM)
Annual

Average

3.94%

Median

5.42%

Minimum

0%

Maximum

7.26%

Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) Dividend Yield by Quarter and Year

Discovering the peaks and valleys of Rivernorth Managed Duration Municipal Income Fund Inc. Dividend Yield, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = Infinity%

Maximum Annual Dividend Yield = 7.26%

Minimum Annual Increase = -100.00%

Minimum Annual Dividend Yield = 0%

Quarterly (TTM)
Annual
YearDividend YieldChange
20240%-100.00%
20237.26%3.74%
20227.00%29.13%
20215.42%Infinity%

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

How has RMM Dividend Yield performed in the past?

The current Dividend Yield of Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

4.75%

5-year avg

3.94%

10-year avg

3.94%

Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) Dividend Yield vs. Peers

How is RMM’s Dividend Yield compared to its peers?

Rivernorth Managed Duration Municipal Income Fund Inc.’s Dividend Yield is less than RiverNorth Opportunistic Municipal Income Fund, Inc. (7.20%), less than MFS Investment Grade Municipal Trust (3.90%), less than Nuveen Preferred and Income Fund (1.29%), less than BlackRock MuniHoldings New York Quality Fund, Inc. (4.57%), less than RiverNorth Flexible Municipal Income Fund II, Inc. (7.21%), less than Queen City Investments, Inc. (0.71%), less than NXG NextGen Infrastructure Income Fund (15.79%), less than DTF Tax-Free Income 2028 Term Fund Inc. (3.46%), less than DWS Municipal Income Trust (4.69%), less than BlackRock MuniYield Quality Fund, Inc. (3.57%), less than BlackRock Municipal Income Fund, Inc. (4.98%), less than BlackRock MuniHoldings Quality Fund II, Inc. (4.72%), less than MFS Municipal Income Trust (4.48%), less than BlackRock MuniYield Quality Fund III, Inc. (5.35%), less than Invesco Municipal Income Opportunities Trust (5.07%), less than MFS High Income Municipal Trust (4.39%), less than Putnam Premier Income Trust (8.36%), less than Nuveen Municipal Credit Opportunities Fund (5.52%), less than RiverNorth Flexible Municipal Income Fund, Inc. (7.09%), less than First Trust High Yield Opportunities 2027 Term Fund (10.46%), less than BlackRock MuniYield Fund, Inc. (5.19%),

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