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

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

RiverNorth Flexible Municipal Income Fund Trading Up 0.2 %

RiverNorth Flexible Municipal Income Fund stock opened at $16.14 on Thursday. The firm’s 50 day moving average price is $16.10 and its two-hundred day moving average price is $15.89. RiverNorth Flexible Municipal Income Fund has a twelve month low of $12.89 and a twelve month high of $16.54.

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.