RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM) Announces Monthly Dividend of $0.11


RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM – Get Rating) announced a monthly dividend on Wednesday, April 6, reports The Wall Street Journal. Investors of record on Thursday, June 16 will receive a dividend of 0.1062 per share on Thursday, June 30. This represents an annualized dividend of $1.27 and a yield of 7.19%. The ex-dividend date is Wednesday, June 15.

Shares of the RiverNorth Flexible Municipal Income Fund opened at $17.73 on Monday. RiverNorth Flexible Municipal Income Fund has a 52-week low of $15.76 and a 52-week high of $24.77. The company’s 50-day moving average price is $17.45 and its 200-day moving average price is $19.63.

A number of institutional investors and hedge funds have recently changed their holdings in the company. Royal Bank of Canada increased its holdings in the RiverNorth Flexible Municipal Income Fund by 2.2% in the first quarter. Royal Bank of Canada now owns 107,991 shares of the company valued at $2,006,000 after purchasing an additional 2,370 shares during the period. Wells Fargo & Company MN increased its holdings in RiverNorth Flexible Municipal Income Fund by 13.4% in the fourth quarter. Wells Fargo & Company MN now owns 88,643 shares of the company valued at $1,942,000 after purchasing an additional 10,502 shares during the period. UBS Group AG increased its holdings in RiverNorth Flexible Municipal Income Fund by 29.9% in the first quarter. UBS Group AG now owns 81,046 shares of the company valued at $1,506,000 after purchasing an additional 18,671 shares during the period. Morgan Stanley raised its position in shares of the RiverNorth Flexible Municipal Income Fund by 5.6% in the third quarter. Morgan Stanley now owns 28,859 shares of the company valued at $676,000 after acquiring 1,523 additional shares in the last quarter. Finally, Bank of America Corp DE bought a new position in shares of RiverNorth Flexible Municipal Income Fund in the first quarter, valued at around $198,000.

RiverNorth Flexible Municipal Income Fund Company Profile (Get a rating)

The RiverNorth Flexible Municipal Income Fund, Inc seeks to provide current income exempt from regular US federal income tax1 with a secondary objective of total return.

Featured articles

Dividend history for RiverNorth Flexible Municipal Income Fund (NYSEARCA:RFM)



Receive daily news and reviews for the RiverNorth Flexible Municipal Income Fund – Enter your email address below to receive a concise daily summary of the latest news and analyst notes for RiverNorth Flexible Municipal Income Fund and related companies with MarketBeat.com’s FREE daily email newsletter.