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

RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM) declared a monthly dividend on Friday, April 4th, Wall Street Journal reports. Stockholders of record on Friday, June 13th will be paid a dividend of 0.094 per share on Monday, June 30th. This represents a $1.13 annualized dividend and a dividend yield of 7.84%. The ex-dividend date is Friday, June 13th.

RiverNorth Flexible Municipal Income Fund Price Performance

Shares of NYSEARCA:RFM opened at $14.39 on Friday. The business has a 50-day moving average price of $15.28 and a 200 day moving average price of $15.57. RiverNorth Flexible Municipal Income Fund has a 12-month low of $14.38 and a 12-month high of $16.54.

RiverNorth Flexible Municipal Income Fund Company Profile

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.