RiverNorth Flexible Municipal Income Fund, Inc. Plans Monthly Dividend of $0.09 (NYSEARCA:RFM)

RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Monday, March 16th will be paid a dividend of 0.0881 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Monday, March 16th.

RiverNorth Flexible Municipal Income Fund Trading Up 0.2%

Shares of RiverNorth Flexible Municipal Income Fund stock opened at $14.39 on Friday. The business has a 50-day moving average price of $14.41 and a two-hundred day moving average price of $14.29. RiverNorth Flexible Municipal Income Fund has a 1-year low of $13.14 and a 1-year high of $15.28.

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.