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Commentary (8 May 2024 @ 16:00):

Rivernorth Managed Duration Municipal Income Fund Inc. is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC...

Stats
Today's Volume	162 864
Average Volume	52 072.00
Market Cap	291.36M
EPS	-5.26 ( 2020-06-29 )
Last Dividend	0.0910 ( 2023-11-14 )
Next Dividend	0 ( N/A )
P/E	15.38
ATR14	0.00700 (0.05%)

Insider Trading

Date	Person	Action	Amount	type
2023-04-28	Mougin Lisa Bruckert	Buy	1 888	Common Shares of Beneficial Interest
2022-11-08	Mougin Lisa Bruckert	Sell	0	No securities beneficially owned
2022-11-04	Galley Patrick W.	Sell	2 000	Common Stock
2022-10-31	Galley Patrick W.	Sell	2 900	Common Stock
2022-10-31	Galley Patrick W.	Sell	100	Common Stock

INSIDER POWER
-17.75
Last 86 transactions
Buy: 127 888 \| Sell: 107 124

Volume Correlation

Long: -0.18 (neutral)

Short: 0.82 (strong)

Signal:(51.559) Same movement expected

RiverNorth Managed Correlation

10 Most Positive Correlations

10 Most Negative Correlations

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

RiverNorth Managed Correlation - Currency/Commodity

-0.51
( weak negative )

-0.26
( neutral )

0.00
( neutral )

-0.61
( weak negative )

-0.71
( moderate negative )

-0.93
( very strong negative )

RiverNorth Managed Financials

Annual	2022
Revenue:	19.11M
Gross Profit:	19.11M (100.00 %)
EPS:	0

FY	2022
Revenue:	19.11M
Gross Profit:	19.11M (100.00 %)
EPS:	0

FY	2022
Revenue:	-60.83M
Gross Profit:	-60.83M (100.00 %)
EPS:	-3.08

FY	2021
Revenue:	69.20M
Gross Profit:	0.00 (0.00 %)
EPS:	3.50

Financial Reports:

No articles found.

RiverNorth Managed Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
0.279 (N/A)	0.279 (N/A)	0.273 (N/A)	0.273 (N/A)	0.273 (N/A)	0.182 (N/A)	0 (N/A)	0 (N/A)	0 (N/A)	0 (N/A)

RiverNorth Managed Dividend Information - Dividend King

Dividend Sustainability Score: 6.75 - average (91.79%) | Divividend Growth Potential Score: 2.42 - Decrease likely (51.67%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	0.0920	2019-09-11
Last Dividend	0.0910	2023-11-14
Next Dividend	0	N/A
Payout Date	0000-00-00
Next Payout Date	N/A
# dividends	51	--
Total Paid Out	4.69	--
Avg. Dividend % Per Year	4.09%	--
Score	5.52	--
Div. Sustainability Score	6.75
Div.Growth Potential Score	2.42
Div. Directional Score	4.58	--

Next Divdend (Est)
(2024-07-01)

0.0926 Estimate 38.82 %

Dividend Stability

0.78 Good

Dividend Score

5.52

Pay Frequency

Monthly

Yearly Payout

Year	Amount	Yield
2019	0.368	1.84%
2020	1.103	5.65%
2021	1.101	6.17%
2022	1.116	5.53%
2023	1.001	6.71%
2024	0	0.00%

Dividend Commentary

With a moderate Dividend Sustainability Score (DSS), the company may sustain its dividends, but continuous monitoring is advised for any financial shifts. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.

Top 10 dividend Companies for NYSE

Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend	Score
LOMA	Dividend Knight	2023-06-30	Quarterly	2	5.23%	8.53
NCZ	Dividend Royal	2024-02-09	Monthly	22	7.79%	8.50
ZTR	Dividend King	2024-02-09	Monthly	37	8.35%	8.50
KIO	Dividend Royal	2023-12-14	Monthly	12	7.05%	8.50
GOF	Dividend Royal	2023-11-14	Monthly	18	8.03%	8.50
PHK	Dividend Royal	2023-11-10	Monthly	22	6.88%	8.50
PCF	Dividend King	2023-12-18	Monthly	38	7.05%	8.50
SRV	Dividend Royal	2023-12-04	Monthly	18	7.53%	8.50
PVL	Dividend King	2023-11-15	Monthly	14	9.37%	8.50
JQC	Dividend Royal	2023-11-14	Monthly	22	6.56%	8.50

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.996	1.500	10.00	10.00	[0 - 0.5]
returnOnAssetsTTM	0.0349	1.200	8.84	10.00	[0 - 0.3]
returnOnEquityTTM	0.0590	1.500	-0.456	-0.684	[0.1 - 1]
payoutRatioTTM	1.145	-1.000	10.00	-10.00	[0 - 1]
currentRatioTTM	1.496	0.800	7.52	6.01	[1 - 3]
quickRatioTTM	1.496	0.800	5.90	4.72	[0.8 - 2.5]
cashRatioTTM	0	1.500	-1.111	-1.667	[0.2 - 2]
debtRatioTTM	0.401	-1.500	3.32	-4.98	[0 - 0.6]
interestCoverageTTM	2.59	1.000	-0.151	-0.151	[3 - 30]
operatingCashFlowPerShareTTM	0	2.00	0	0	[0 - 30]
freeCashFlowPerShareTTM	0	2.00	0	0	[0 - 20]
debtEquityRatioTTM	0.679	-1.500	7.28	-10.00	[0 - 2.5]
grossProfitMarginTTM	1.000	1.000	10.00	10.00	[0.2 - 0.8]
operatingProfitMarginTTM	0.996	1.000	10.00	10.00	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0.173	1.000	-0.152	-0.152	[0.2 - 2]
assetTurnoverTTM	0.0351	0.800	-3.10	-2.48	[0.5 - 2]
Total Score				6.75

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	0	1.000	-0.101	0	[1 - 100]
returnOnEquityTTM	0.0590	2.50	-0.293	-0.684	[0.1 - 1.5]
freeCashFlowPerShareTTM	0	2.00	0	0	[0 - 30]
dividendYielPercentageTTM	7.30	1.500	10.00	0	[0 - 0.4]
operatingCashFlowPerShareTTM	0	2.00	0	0	[0 - 30]
payoutRatioTTM	1.145	1.500	10.00	-10.00	[0 - 1]
pegRatioTTM	0	1.500	-3.33	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	1.973	1.000	10.00	0	[0.1 - 0.5]
Total Score				2.42

RiverNorth Managed

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. was formed on July 26, 2019 and is domiciled in the United States.