RMM Dividend History & Yield
Rivernorth Managed Duration Municipal Income Fund Inc. · NYSE
Upcoming dividend payments
| Ex-date | Pay date | Per share | Per 100 shares | Status |
|---|---|---|---|---|
| Tue, Sep 15, 2026 (in 6 days) | Sep 29, 2026 | $0.087 | $8.70 | Declared |
| Thu, Oct 15, 2026 (in 36 days) | Oct 29, 2026 | $0.087 | $8.70 | Estimated |
| Sat, Nov 14, 2026 (in 66 days) | Nov 28, 2026 | $0.087 | $8.70 | Estimated |
| Mon, Dec 14, 2026 (in 96 days) | Dec 28, 2026 | $0.087 | $8.70 | Estimated |
| Wed, Jan 13, 2027 (in 126 days) | Jan 27, 2027 | $0.087 | $8.70 | Estimated |
| Fri, Feb 12, 2027 (in 156 days) | Feb 26, 2027 | $0.087 | $8.70 | Estimated |
| Sun, Mar 14, 2027 (in 186 days) | Mar 28, 2027 | $0.087 | $8.70 | Estimated |
| Tue, Apr 13, 2027 (in 216 days) | Apr 27, 2027 | $0.087 | $8.70 | Estimated |
| Thu, May 13, 2027 (in 246 days) | May 27, 2027 | $0.087 | $8.70 | Estimated |
| Sat, Jun 12, 2027 (in 276 days) | Jun 26, 2027 | $0.087 | $8.70 | Estimated |
| Mon, Jul 12, 2027 (in 306 days) | Jul 26, 2027 | $0.087 | $8.70 | Estimated |
| Wed, Aug 11, 2027 (in 336 days) | Aug 25, 2027 | $0.087 | $8.70 | Estimated |
Estimated dates and amounts are projected from RMM's recent payment pattern and will be replaced by declared figures when the company announces them. Total over the next 12 months: about $1.131 per share.
Dividend payment history
Last 40 payments per share. RegularSpecial
Annual dividends per share
How much RMM do you need for monthly income?
| Target income | Shares needed | Capital at today's price | Per year |
|---|---|---|---|
| $100 / month | 1,150 | $16,259 | $1,200 |
| $500 / month | 5,748 | $81,293 | $6,000 |
| $1,000 / month | 11,495 | $162,586 | $12,000 |
Based on the forward yield of 7.38%. $10,000 in RMM would currently pay about $738 a year ($62 a month on average). Model reinvestment and growth →
RMM dividend history
| Ex-date | Pay date | Amount | Change |
|---|---|---|---|
| Aug 14, 2026 | — | $0.085 | +0.0% |
| Jul 15, 2026 | — | $0.085 | +0.0% |
| Jun 15, 2026 | — | $0.085 | +0.0% |
| May 15, 2026 | — | $0.085 | +0.0% |
| Apr 15, 2026 | — | $0.085 | +0.0% |
| Mar 16, 2026 | — | $0.085 | +0.0% |
| Feb 13, 2026 | — | $0.085 | +0.0% |
| Jan 15, 2026 | — | $0.085 | -6.6% |
| Dec 15, 2025 | — | $0.091 | +0.0% |
| Nov 14, 2025 | — | $0.091 | +0.0% |
| Oct 15, 2025 | — | $0.091 | +0.0% |
| Sep 15, 2025 | — | $0.091 | +0.0% |
| Aug 15, 2025 | — | $0.091 | +0.0% |
| Jul 15, 2025 | — | $0.091 | +0.0% |
| Jun 13, 2025 | — | $0.091 | +0.0% |
| May 15, 2025 | — | $0.091 | +0.0% |
| Apr 15, 2025 | — | $0.091 | +0.0% |
| Mar 14, 2025 | — | $0.091 | +0.0% |
| Feb 14, 2025 | — | $0.091 | +0.0% |
| Jan 15, 2025 | — | $0.091 | -1.1% |
| Dec 13, 2024 | — | $0.092 | +0.0% |
| Nov 15, 2024 | — | $0.092 | +0.0% |
| Oct 15, 2024 | — | $0.092 | +0.0% |
| Sep 13, 2024 | — | $0.092 | +0.0% |
RMM dividend increases & cuts
Market-wide changes →| Ex-date | Change | Old | New | Status |
|---|---|---|---|---|
| Jan 15, 2026 | Cut 6.6% | $0.091 | $0.085 | Paid |
Detected from the regular payment stream; supplemental and special dividends are excluded. Pro members get an email the morning a holding raises or cuts.
Payout risk check
RMM scores 45/100 on our yield-trap heuristic (moderate risk).
2 warning flags raised:
- Payout ratio above 100% of earnings
- Yield above 7%
This is a rule-based screen computed from public data, not a rating or a recommendation. Read our guide to yield traps for what the signals mean.
About Rivernorth Managed Duration Municipal Income Fund Inc.
Rivernorth Managed Duration Municipal Income Fund Inc. is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal debt securities. It seeks to invest in securities of any maturity. The fund employs a combination of fundamental and quantitative analysis. It benchmarks the performance of its portfolio against the Bloomberg Barclays Municipal Bond Index. The fund employs proprietary research to create its portfolio. Rivernorth Managed Duration Municipal Income Fund Inc.
Sector: Financial Services. Industry: Asset Management. First dividend on our records: Sep 11, 2019. 84 payments tracked. Data last refreshed Sep 9, 2026. Spotted a mistake? Report it and we'll fix it.
RMM dividend FAQ
When is RMM's next ex-dividend date?
RMM's next ex-dividend date is Sep 15, 2026 (in 6 days, declared by the company). You must own the shares before that date to receive the payment of about $0.087 per share, expected on Sep 29, 2026.
How often does RMM pay dividends?
RMM pays dividends every month, 12 times a year. The most recent payment was $0.085 per share with an ex-date of Aug 14, 2026.
What is RMM's dividend yield?
RMM's trailing 12-month dividend yield is 7.38%, based on $1.044 per share paid over the last year and a share price of $14.15. The forward yield, using the indicated annual rate of $1.044 per share, is 7.38%.
How much does RMM pay per share?
RMM pays about $0.087 per share each month, which works out to roughly $1.044 per share a year. 100 shares would collect about $104.40 a year.
Has RMM grown or cut its dividend?
Over the last 5 years the regular payout has shrunk at 1.1% a year (-4.7% over the last year). There has been no cut to a regular payment in the last 5 years.
How many shares of RMM do I need to earn $100 a month?
At the current forward yield of 7.38%, you would need about 1,150 shares of RMM (roughly $16,259 invested at today's price) to collect $1,200 a year, or $100 a month on average, before taxes. Payments arrive every month, so the monthly figure is an average.
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