RiverNorth Flex Muniome Fund II (RiverNorth Flex Muniome Fund II) Dividend Payout Ratio : 0.87 (As of Dec. 2023)

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What is RiverNorth Flex Muniome Fund II Dividend Payout Ratio?

RiverNorth Flex Muniome Fund II's dividend payout ratio for the months ended in Dec. 2023 was 0.87.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of RiverNorth Flex Muni Income Fund II Inc is 1.06, which seems too high.

The historical rank and industry rank for RiverNorth Flex Muniome Fund II's Dividend Payout Ratio or its related term are showing as below:

RFMZ' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 1.06 Med: 1.65 Max: 1.65
Current: 1.06

During the past 3 years, the highest Dividend Payout Ratio of RiverNorth Flex Muniome Fund II was 1.65. The lowest was 1.06. And the median was 1.65.

RFMZ's Dividend Payout Ratio is ranked worse than
67.41% of 942 companies
in the Asset Management industry
Industry Median: 0.79 vs RFMZ: 1.06

As of today (2024-06-09), the Dividend Yield % of RiverNorth Flex Muniome Fund II is 7.36%.

During the past 3 years, the highest Trailing Annual Dividend Yield of RiverNorth Flex Muniome Fund II was 9.46%. The lowest was 7.36%. And the median was 8.02%.

RiverNorth Flex Muniome Fund II's Dividends per Share for the months ended in Dec. 2023 was $0.52.

During the past 12 months, RiverNorth Flex Muniome Fund II's average Dividends Per Share Growth Rate was -6.30% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

RiverNorth Flex Muniome Fund II Dividend Payout Ratio Historical Data

The historical data trend for RiverNorth Flex Muniome Fund II's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

RiverNorth Flex Muniome Fund II Dividend Payout Ratio Chart

RiverNorth Flex Muniome Fund II Annual Data

Trend

Jun21

Jun22

Jun23

Dividend Payout Ratio

1.65

RiverNorth Flex Muniome Fund II Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial			7.15	-	2.04	1.37	0.87

Competitive Comparison of RiverNorth Flex Muniome Fund II's Dividend Payout Ratio

For the Asset Management subindustry, RiverNorth Flex Muniome Fund II's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

RiverNorth Flex Muniome Fund II's Dividend Payout Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, RiverNorth Flex Muniome Fund II's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where RiverNorth Flex Muniome Fund II's Dividend Payout Ratio falls into.

RiverNorth Flex Muniome Fund II Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

RiverNorth Flex Muniome Fund II's Dividend Payout Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Jun. 2023 )	/	EPS without NRI (A: Jun. 2023 )
	=	1.07	/	0.65
	=	1.65

RiverNorth Flex Muniome Fund II's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.519	/	0.6
	=	0.87

RiverNorth Flex Muniome Fund II (NYSE:RFMZ) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

RiverNorth Flex Muniome Fund II Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of RiverNorth Flex Muniome Fund II's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

RiverNorth Flex Muniome Fund II (RiverNorth Flex Muniome Fund II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RiverNorth Flex Muni Income Fund II Inc (NYSE:RFMZ) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

360 S. Rosemary Avenue, Suite 1420, West Palm Beach, FL, USA, 33401

Website

https://www.rivernorth.com

RiverNorth Flex Muni Income Fund II Inc is a diversified, closed-end management investment company. Its primary investment objective is to seek current income exempt from regular U.S. federal income taxes. The fund's secondary investment objective is total return.

Executives

Scott Sprauer	officer: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Lisa Bruckert Mougin	director	C/O RIVERNORTH CAPITAL MANAGEMENT, LLC, 360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
Patrick W. Galley	director, officer: President	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Robert A Dimella	officer: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
John Wayne Hutchens	director	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Michael Petty	officer: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
John J Lawlor	officer: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Mackay Shields Llc	officer: Sub-Adviser	1345 AVENUE OF THE AMERICAS, 42ND FLOOR, NEW YORK NY 10105
David Dowden	officer: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NJ 10105
John M Loffredo	officer: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Robert Patrick Burke	officer: Portfolio Manager	C/O MACKAY SHIELDS LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Jerry Raio	director	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Stephen Andrew O'neill	other: Portfolio Manager	360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
John S. Oakes	director	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Jonathan M. Mohrhardt	officer: Treasurer	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654

RiverNorth Flex Muniome Fund II (RiverNorth Flex Muniome Fund II) Headlines

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