Rivernorth Managed Duration Municipal Income Fund Inc.
RMMFinancial Services · Stock · monthly payer
Forward Yield
6.91%
Annual Dividend
$1.02
Payout Ratio
569%
5-Yr Growth
-0.2%
Ex-Date
Aug 14, 2026
Frequency
Monthly
Summary
As of July 2026, Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) yields 6.91% ($1.02 per share annually), with a blended fair-value estimate of $20.70 — +41% upside, so it screens as undervalued. Dividend safety grade: B (67/100).
Is RMM a good dividend stock?
Yes, with caveatsRivernorth Managed Duration Municipal Income Fund Inc. (RMM) pays a monthly dividend yielding 6.91% ($1.02/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Never cut its dividend on record
Risks
- Elevated payout ratio (569%)
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 6.91%
- Payout Ratio
- 569%
- Annual Dividend
- $1.02
- 5-Yr Avg Growth
- -0.2%
- Ex-Dividend Date
- Aug 14, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- —
- Market Cap
- $289.8M
- P/E Ratio
- 77.3
- 5-Yr Total Return
- -31%
- 52-Week Range
- $13.35 – $15.00
- Dividend Safety
- B · 67/100
- Ever Cut?
- No
Frequently Asked Questions
RMM Price — Last 12 Months
Daily close
Price Return
1 Year
+9%
3 Years
-5%
5 Years
-31%
52-Week Range
$13.35 – $15.00
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is RMM worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Rivernorth Managed Duration Municipal Income Fund Inc. is $20.70 per share, versus a market price of $14.71. That implies 41% of upside — a margin of safety of about 29%.
Fair Value
$20.70
Current Price
$14.71
Upside
+41%
Margin of Safety
29%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -0.2% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), -0.2% stage-1 growth, 2.5% terminal growth, $0.19 EPS, $1.02 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
RMM Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 15, 2026 | — | $0.0850 | regular |
| Jun 15, 2026 | — | $0.0850 | regular |
| May 15, 2026 | — | $0.0850 | regular |
| Apr 15, 2026 | — | $0.0850 | regular |
| Mar 16, 2026 | — | $0.0850 | regular |
| Feb 13, 2026 | — | $0.0850 | regular |
| Jan 15, 2026 | — | $0.0850 | regular |
| Dec 15, 2025 | — | $0.0910 | regular |
| Nov 14, 2025 | — | $0.0910 | regular |
| Oct 15, 2025 | — | $0.0910 | regular |
| Sep 15, 2025 | — | $0.0910 | regular |
| Aug 15, 2025 | — | $0.0910 | regular |
| Jul 15, 2025 | — | $0.0910 | regular |
| Jun 13, 2025 | — | $0.0910 | regular |
Income Calculator
At $1.02 / yr per share
