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Realtime updates for RiverNorth Managed [RMM]

Exchange: NYSE Sector: Financial Services Industry: Asset Management
Last Updated23 Apr 2024 @ 09:59

0.86% 14.74

Live Chart Being Loaded With Signals

Commentary (23 Apr 2024 @ 09:59):

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 1 661.00
Average Volume 54 548.00
Market Cap 290.86M
EPS -5.26 ( 2020-06-29 )
Last Dividend 0.0910 ( 2023-11-14 )
Next Dividend 0 ( N/A )
P/E 15.35
ATR14 0.0150 (0.10%)
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
-20.62
Last 86 transactions
Buy: 127 888 | Sell: 107 124

Volume Correlation

Long: -0.29 (neutral)
Short: 0.50 (neutral)
Signal:(63.559) Neutral

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

The country flag -0.03
( neutral )
The country flag -0.01
( neutral )
The country flag 0.00
( neutral )
The country flag 0.05
( neutral )
The country flag 0.00
( neutral )
The country flag -0.17
( neutral )

RiverNorth Managed Financials

Annual 2022
Revenue: 19.11M
Gross Profit: 19.11M (100.00 %)
EPS: 0
Q4 2020
Revenue: 10.73M
Gross Profit: 3.81M (35.55 %)
EPS: -1.626

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
JQC Dividend Royal 2023-11-14 Monthly 22 6.56% 8.50
SRV Dividend Royal 2023-12-04 Monthly 18 7.53% 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
PVL Dividend Royal 2023-11-15 Monthly 14 9.37% 8.50
NCV Dividend Royal 2024-02-09 Monthly 22 7.68% 8.50
MTR Dividend Royal 2023-10-30 Monthly 39 10.10% 8.50
PDI Dividend Royal 2023-11-10 Monthly 13 7.86% 8.50
GOF Dividend Royal 2023-11-14 Monthly 18 8.03% 8.50

Dividend Sustainability Score (DSS)

RatioActual ValueWeightNormalized ValueScoreRange
netProfitMarginTTM0.9961.50010.0010.00[0 - 0.5]
returnOnAssetsTTM0.03491.2008.8410.00[0 - 0.3]
returnOnEquityTTM0.05901.500-0.456-0.684[0.1 - 1]
payoutRatioTTM1.145-1.00010.00-10.00[0 - 1]
currentRatioTTM1.4960.8007.526.01[1 - 3]
quickRatioTTM1.4960.8005.904.72[0.8 - 2.5]
cashRatioTTM01.500-1.111-1.667[0.2 - 2]
debtRatioTTM0.401-1.5003.32-4.98[0 - 0.6]
interestCoverageTTM2.591.000-0.151-0.151[3 - 30]
operatingCashFlowPerShareTTM02.0000[0 - 30]
freeCashFlowPerShareTTM02.0000[0 - 20]
debtEquityRatioTTM0.679-1.5007.28-10.00[0 - 2.5]
grossProfitMarginTTM1.0001.00010.0010.00[0.2 - 0.8]
operatingProfitMarginTTM0.9961.00010.0010.00[0.1 - 0.6]
cashFlowToDebtRatioTTM0.1731.000-0.152-0.152[0.2 - 2]
assetTurnoverTTM0.03510.800-3.10-2.48[0.5 - 2]
Total Score6.75

Dividend Growth Score (DGS)

RatioActual ValueWeightNormalized ValueScoreRange
peRatioTTM01.000-0.1010[1 - 100]
returnOnEquityTTM0.05902.50-0.293-0.684[0.1 - 1.5]
freeCashFlowPerShareTTM02.0000[0 - 30]
dividendYielPercentageTTM7.351.50010.000[0 - 0.4]
operatingCashFlowPerShareTTM02.0000[0 - 30]
payoutRatioTTM1.1451.50010.00-10.00[0 - 1]
pegRatioTTM01.500-3.330[0.5 - 2]
operatingCashFlowSalesRatioTTM1.9731.00010.000[0.1 - 0.5]
Total Score2.42

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.

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