RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ – Get Free Report) declared a monthly dividend on Friday, July 5th, Wall Street Journal reports. Shareholders of record on Friday, September 13th will be given a dividend of 0.0974 per share on Monday, September 30th. This represents a $1.17 dividend on an annualized basis and a yield of 7.20%. The ex-dividend date of this dividend is Friday, September 13th.
RiverNorth Managed Duration Municipal Income Fund II Stock Performance
NYSEARCA RMMZ traded down $0.05 on Friday, hitting $16.24. 14,245 shares of the company’s stock traded hands, compared to its average volume of 19,996. The firm’s 50-day moving average price is $15.90 and its two-hundred day moving average price is $15.85. RiverNorth Managed Duration Municipal Income Fund II has a 1-year low of $12.92 and a 1-year high of $16.99.
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