Rivernorth Managed Duration Municipal Income Fund Inc.
RMMFinancial Services · Stock · monthly payer
Forward Yield
7.78%
Annual Dividend
$1.02
Payout Ratio
62%
5-Yr Growth
-0.2%
Ex-Date
Sep 15, 2026
Frequency
Monthly
Summary
As of September 2026, Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) yields 7.78% ($1.02 per share annually), with a blended fair-value estimate of $15.86 — +18% upside, so it screens as undervalued. Dividend safety grade: C (52/100).
Is RMM a good dividend stock?
MixedRivernorth Managed Duration Municipal Income Fund Inc. (RMM) pays a monthly dividend yielding 7.78% ($1.02/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Never cut its dividend on record
Risks
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 7.78%
- Payout Ratio
- 62%
- Annual Dividend
- $1.02
- 5-Yr Avg Growth
- -0.2%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- —
- Market Cap
- $257.0M
- P/E Ratio
- 7.7
- 5-Yr Total Return
- -31%
- 52-Week Range
- $13.33 – $15.00
- Dividend Safety
- C · 52/100
- Ever Cut?
- No
Frequently Asked Questions
RMM Price — Last 12 Months
Daily close
Price Return
1 Year
-5%
3 Years
+7%
5 Years
-31%
52-Week Range
$13.33 – $15.00
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is RMM worth?
Undervaluedhigh confidenceOur blended fair-value estimate for Rivernorth Managed Duration Municipal Income Fund Inc. is $15.86 per share, versus a market price of $13.42. That implies 18% of upside — a margin of safety of about 15%.
Fair Value
$15.86
Current Price
$13.42
Upside
+18%
Margin of Safety
15%
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.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
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, $1.69 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
Borderline
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
Full RMM dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | — | $0.0850 | regular |
| Aug 14, 2026 | — | $0.0850 | regular |
| 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 |
Income Calculator
At $1.02 / yr per share
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