RiverNorth Managed Duration Municipal Income Fund, Inc. (NYSEARCA:RMM)’s stock price fell 0.7% on Monday . The company traded as low as $19.85 and last traded at $19.85, 700 shares traded hands during trading. A decline of 98% from the average session volume of 43,447 shares. The stock had previously closed at $19.99.
The firm has a fifty day moving average price of $20.08.
The company also recently declared a — dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th will be issued a $0.0917 dividend. This represents a dividend yield of 5.4%. The ex-dividend date is Wednesday, December 11th.
Further Reading: What are high-yield dividend stocks?
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