RiverNorth Flexible Municipal Income Fund, Inc. (NYSE:RFM – Get Free Report) announced a monthly dividend on Thursday, October 1st. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.0881 per share on Thursday, December 31st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Tuesday, December 15th.
RiverNorth Flexible Municipal Income Fund has decreased its dividend by an average of 3.0%per year over the last three years.
RiverNorth Flexible Municipal Income Fund Trading Up 0.3%
Shares of NYSE:RFM opened at $13.01 on Friday. The firm’s 50 day moving average price is $14.12 and its 200-day moving average price is $14.35. RiverNorth Flexible Municipal Income Fund has a twelve month low of $12.52 and a twelve month high of $15.03.
RiverNorth Flexible Municipal Income Fund Company Profile
The RiverNorth Flexible Municipal Income Fund, Inc seeks to provide current income exempt from regular U.S. federal income taxes1 with a secondary objective of total return.
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