RiverNorth Managed Duration Municipal Income Fund declares $0.0905 dividend
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 02 2025
0mins
Source: SeekingAlpha
Dividend Declaration: RiverNorth Managed Duration Municipal Income Fund (RMM) has declared a monthly dividend of $0.0905 per share, with payment dates set for July 31, August 29, and September 30 for shareholders of record on July 15, August 15, and September 15 respectively.
Yield Information: The fund offers a forward yield of 8.06%, but it is noted that the fund has modest returns and high expenses, leading to a cautious outlook on its investment potential.
Analyst Views on RMM
Wall Street analysts forecast RMM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RMM is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About RMM
RiverNorth Managed Duration Municipal Income Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from regular United States federal income taxes. The Fund’s secondary investment objective is total return. The Company’s investment strategy includes Tactical Municipal Closed-End Fund (CEF) Strategy and Municipal Bond Income Strategy. The Tactical Municipal CEF Strategy typically invests in municipal CEFs and exchange-traded funds (ETFs) and other investment companies. The Municipal Bond Income Strategy primarily invests in municipal bonds of any credit quality, including securities that are rated below investment grade. The Fund’s investment adviser is RiverNorth Capital Management, LLC and the Fund’s sub-adviser is MacKay Shields, LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
