RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ – Get Free Report) announced a monthly dividend on Tuesday, October 1st,Wall Street Journal reports. Investors of record on Friday, November 15th will be given a dividend of 0.0974 per share on Friday, November 29th. This represents a $1.17 dividend on an annualized basis and a yield of 7.31%. The ex-dividend date is Friday, November 15th.
RiverNorth Managed Duration Municipal Income Fund II Stock Performance
RMMZ traded up $0.12 on Thursday, reaching $15.98. 7,889 shares of the company’s stock were exchanged, compared to its average volume of 21,579. RiverNorth Managed Duration Municipal Income Fund II has a twelve month low of $14.11 and a twelve month high of $16.56. The stock’s fifty day moving average price is $16.13 and its 200-day moving average price is $16.01.
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