RiverNorth Managed Duration Municipal Income Fund announces a $0.0847 per share dividend for July, August, and September.
RiverNorth Managed Duration Municipal Income Fund (RMM) declared a $0.0847 per share monthly dividend, reflecting a 6.86% forward yield. The dividend is payable July 31 to shareholders of record July 15, with an ex-dividend date of July 15.
The fund will repeat the same payout for August and September, with payment dates of August 31 and September 30, respectively. Record and ex-dividend dates for those months are August 14 and September 15.
The announcement follows the fund’s consistent monthly dividend distribution pattern, targeting income-focused investors in the municipal bond market.