RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM – Get Free Report)’s share price was up 2.1% during trading on Tuesday . The company traded as high as $16.21 and last traded at $16.21. Approximately 22,791 shares changed hands during trading, an increase of 33% from the average daily volume of 17,159 shares. The stock had previously closed at $15.88.
RiverNorth Flexible Municipal Income Fund Trading Up 2.1 %
The business has a fifty day moving average of $16.03 and a 200 day moving average of $15.25.
RiverNorth Flexible Municipal Income Fund Cuts Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.0954 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.14 annualized dividend and a yield of 7.06%.
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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