RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ) Announces Monthly Dividend of $0.10

RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ) announced a monthly dividend on Friday, April 4th, Wall Street Journal reports. Investors of record on Friday, June 13th will be paid a dividend of 0.0951 per share on Monday, June 30th. This represents a $1.14 dividend on an annualized basis and a yield of 7.96%. The ex-dividend date of this dividend is Friday, June 13th.

RiverNorth Managed Duration Municipal Income Fund II Stock Performance

Shares of NYSEARCA RMMZ opened at $14.34 on Wednesday. RiverNorth Managed Duration Municipal Income Fund II has a 1 year low of $13.79 and a 1 year high of $16.56. The firm’s 50 day moving average price is $14.32 and its 200 day moving average price is $15.11.

Institutional Trading of RiverNorth Managed Duration Municipal Income Fund II

A hedge fund recently raised its stake in RiverNorth Managed Duration Municipal Income Fund II stock. Royal Bank of Canada boosted its stake in shares of RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ) by 1.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 166,656 shares of the company’s stock after purchasing an additional 2,479 shares during the period. Royal Bank of Canada’s holdings in RiverNorth Managed Duration Municipal Income Fund II were worth $2,537,000 at the end of the most recent reporting period.