RMM
Price:
$14.37
Market Cap:
$283.66M
The Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) is a closed-end investment vehicle dedicated to fixed-income assets. It was launched and is managed by RiverNorth Capital Management, LLC, with MacKay Shields LLC serving as co-manager. The fund's strategy involves investing in the U.S. fixed-income markets, with a primary focus on investment-grade municipal debt across all maturities. To guide its investment decisions, the fund utilizes a combination of fundamental and quantitative analysis, underpinned by proprietary research for portfolio construction. Its performance is measured against the Bloomberg Barclays Municipal Bond Index. This fund, domiciled in the United States, ...[Read more]
Industry
Asset Management - Income
IPO Date
2019-07-26
Stock Exchange
NYSE
Ticker
RMM
According to Rivernorth Managed Duration Municipal Income Fund Inc.’s latest financial reports and current stock price. The company's current Dividend Yield is 7.27%. This represents a change of 775.24% compared to the average of 0.83% of the last 4 quarters.
The mean historical Dividend Yield of Rivernorth Managed Duration Municipal Income Fund Inc. over the last ten years is 6.72%. The current 7.27% Dividend Yield has changed 8.25% with respect to the historical average. Over the past ten years (40 quarters), RMM's Dividend Yield was at its highest in in the December 2025 quarter at 3.32%. The Dividend Yield was at its lowest in in the December 2020 quarter at 0%.
Average
6.72%
Median
7.08%
Minimum
5.35%
Maximum
8.13%
Discovering the peaks and valleys of Rivernorth Managed Duration Municipal Income Fund Inc. Dividend Yield, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 29.13%
Maximum Annual Dividend Yield = 8.13%
Minimum Annual Increase = -1.36%
Minimum Annual Dividend Yield = 5.35%
| Year | Dividend Yield | Change |
|---|---|---|
| 2025 | 8.13% | 13.51% |
| 2024 | 7.16% | -1.36% |
| 2023 | 7.26% | 3.74% |
| 2022 | 7.00% | 29.13% |
| 2021 | 5.42% | 1.31% |
The current Dividend Yield of Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
7.52%
5-year avg
6.99%
10-year avg
6.72%
Rivernorth Managed Duration Municipal Income Fund Inc.’s Dividend Yield is less than BlackRock Municipal Income Quality Trust (3.52%), less than Virtus Convertible & Income Fund II (9.49%), less than BlackRock Income Trust, Inc. (10.39%), less than Putnam Managed Municipal Income Trust (5.16%), less than Abrdn Emerging Markets Equity Income Fund Inc (9.21%), less than LMP Capital and Income Fund Inc. (9.34%), less than MFS Charter Income Trust (9.02%), less than Bank of New York Mellon Corp (1.40%), less than Aberdeen Multi-Market Income Fund (9.44%), less than Ellsworth Growth and Income Fund Ltd. (7.61%),
| Company | Dividend Yield | Market cap |
|---|---|---|
| 3.52% | $286.23M | |
| 9.49% | $288.67M | |
| 10.39% | $329.72M | |
| 5.16% | $274.56M | |
| 9.21% | $348.36M | |
| 9.34% | $5.16B | |
| 9.02% | $247.63M | |
| 1.40% | $109.07B | |
| 9.44% | $236.74M | |
| 7.61% | $170.74M |
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How does the current Dividend Yield for Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) compare to its historical average?