Shares of RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM – Get Free Report) rose 2.1% during trading on Tuesday . The company traded as high as $16.21 and last traded at $16.21. Approximately 22,791 shares were traded 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 Stock Performance
The business’s 50 day moving average is $16.04 and its 200 day moving average is $15.26.
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 paid a $0.0954 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $1.14 annualized dividend and a yield of 7.18%.
About RiverNorth Flexible Municipal Income Fund
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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