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RFMZ Dividend

RiverNorth Flexible Municipal Income Fund II, Inc.

NYSEFinancial ServicesStockData as of
Dividend yield
7.46%
Annual dividend
$0.99
Payout ratio
-1.77
Frequency
Monthly
Share price
$13.30
Market cap
$324M

Next payment

Ex-dividend date: Pay date: Amount: $0.0804

You must own the shares before the ex-dividend date to receive this payment.

Is RFMZ a good dividend stock?

What the data shows. These are observations, not recommendations — see the disclaimer at the foot of the page.

  • Yield is above the market median7.46% against a median of 2.78% across US dividend payers.
  • Earnings are negativeA payout ratio of -1.77 means the company is paying a dividend while reporting a loss. That can be funded from cash or borrowing for a time, but not from profits.
  • Dividend has been cut 2 timesAcross 5 complete years, the annual total fell in 2023, 2025. The most recent reduction was in 2025.
  • Pays monthlyPayments arrive twelve times a year rather than the usual four, which suits income being drawn rather than reinvested.

RFMZ dividend history

Annual dividend per share, 2021 to 2025.

20212022202320242025
Peak $1.11 in 2022Year the total fellTypical payment × payments that year, split-adjusted, excluding special and one-off distributions. Robust to duplicate records in the source data. The current year is omitted while incomplete.

Recent dividend payments

The last 40 dividend payments for RFMZ, most recent first.
Ex-dividend datePay dateAmountType
$0.0804Monthly
$0.0804Monthly
$0.0804Monthly
$0.0804Monthly
$0.0804Monthly
$0.0804Monthly
$0.0804Monthly
$0.0804Monthly
$0.0804Monthly
$0.0804Monthly
$0.0858Monthly
$0.0858Monthly
$0.0858Monthly
$0.0858Monthly
$0.0858Monthly
$0.0858Monthly
$0.0858Monthly
$0.0858Monthly
$0.0858Monthly
$0.0858Monthly
$0.0858Monthly
$0.0858Monthly
$0.0866Monthly
$0.0866Monthly
$0.0866Monthly
$0.0866Monthly
$0.0866Monthly
$0.0866Monthly
$0.0866Monthly
$0.0866Monthly
$0.0866Monthly
$0.0866Monthly
$0.0866Monthly
$0.0866Monthly
$0.0865Monthly
$0.0865Monthly
$0.0865Monthly
$0.0865Monthly
$0.0865Monthly
$0.0865Monthly

How much would RFMZ pay you?

Enter an amount and see the income this dividend would produce — per year, per payment and per month.

Calculate RFMZ dividend income →

RFMZ appears in

Frequently asked questions

Does RFMZ pay a dividend?
Yes. RiverNorth Flexible Municipal Income Fund II, Inc. pays a monthly dividend, currently yielding 7.46% based on trailing twelve-month payments of $0.99 per share.
How much does RFMZ pay in dividends?
$0.99 per share over the last twelve months, paid monthly. Special and one-off distributions are excluded from that figure because they do not recur.
When is the next RFMZ ex-dividend date?
The next ex-dividend date on record is August 14, 2026, with payment on August 31, 2026. You must own the shares before the ex-dividend date to receive that payment.