RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM) Plans Monthly Dividend of $0.10

RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM) declared a monthly dividend on Wednesday, July 3rd, Wall Street Journal reports. Investors of record on Thursday, August 15th will be paid a dividend of 0.0954 per share on Friday, August 30th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.09%. The ex-dividend date of this dividend is Thursday, August 15th.

RiverNorth Flexible Municipal Income Fund Stock Performance

Shares of NYSEARCA:RFM traded up $0.03 on Wednesday, reaching $16.14. The company’s stock had a trading volume of 8,698 shares, compared to its average volume of 15,487. RiverNorth Flexible Municipal Income Fund has a 52-week low of $12.89 and a 52-week high of $16.54. The company has a 50-day simple moving average of $16.10 and a 200 day simple moving average of $15.89.

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.