RiverNorth Flexible Municipal Income Fund, Inc. Price & Performance (RFM)

Patrick W. Galley, president of RiverNorth Flexible Municipal Income Fund (RFM), acquired 900 shares on April 9, totaling over $12,000 in value. This move follows an earlier purchase of 5,300 shares, signaling confidence in the fund, which currently offers an 8.25% dividend yield and maintains a strong financial health rating.12

RiverNorth Flexible Municipal Income Fund has declared a $0.094 monthly dividend per share, payable on April 30, May 30, and June 30. The fund’s forward yield stands at 7.6%, supporting its reputation for consistent distributions and providing income stability for investors amid recent share price fluctuations.34

RFM shares have dropped nearly 7% year-to-date and recently traded at $13.77, close to the 52-week low. Despite insider buying and an attractive dividend, the stock remains in a short-term downtrend, with technical analysis suggesting continued weakness in the coming weeks.56