RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ – Get Free Report) announced a monthly dividend on Wednesday, April 1st. Stockholders of record on Friday, May 15th will be given a dividend of 0.0891 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date is Friday, May 15th.
RiverNorth Managed Duration Municipal Income Fund II Stock Up 1.1%
Shares of RMMZ traded up $0.16 during mid-day trading on Wednesday, hitting $15.11. 7,502 shares of the company were exchanged, compared to its average volume of 19,858. RiverNorth Managed Duration Municipal Income Fund II has a 1-year low of $13.83 and a 1-year high of $15.29. The company has a 50 day moving average of $14.75 and a 200-day moving average of $14.78.
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