The fund’s latest payout maintains its monthly distribution at $0.0891 per share, reflecting a 7.15% annualized yield.
RiverNorth Managed Duration Municipal Income Fund II (RMMZ) announced a $0.0891 per share monthly dividend, unchanged from prior months. The forward yield stands at 7.15%, based on the latest distribution.
The dividend is payable July 31 to shareholders of record July 15, with an ex-dividend date of July 15. Additional payouts are scheduled for August 31 and September 30, with matching record and ex-dividend dates.
The fund focuses on tax-exempt municipal bonds, targeting steady income for investors amid current yield conditions.