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RiverNorth's municipal bond funds declared dividends of $0.0847–$0.09 per share, with yields near 7.4%.
RiverNorth funds RMI, RMM, RMMZ, and RFM declared monthly dividends ranging from $0.0847 to $0.09 per share, payable January 30 to shareholders of record January 15, with an ex-dividend date of January 15.
All funds offer annualized yields near 7.3% to 7.4%.
RMI, RMM, and RFM trade between $14.01 and $14.63, with recent insider purchases totaling hundreds of thousands in shares across the funds.
The funds focus on tax-exempt municipal bonds and are managed by RiverNorth Capital and MacKay Shields.
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Los fondos de bonos municipales de RiverNorth declararon dividendos de $0.0847$0.09 por acción, con rendimientos cercanos al 7.4%.