GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RiverNorth Flex Muni Income Fund II Inc (NYSE:RFMZ) » Definitions » Shareholder Yield %

RiverNorth Flex Muniome Fund II (RiverNorth Flex Muniome Fund II) Shareholder Yield % : 9.96% (As of Dec. 2023)


View and export this data going back to 1990. Start your Free Trial

What is RiverNorth Flex Muniome Fund II Shareholder Yield %?

Shareholder Yield % is how much money shareholders receive from a company that is in the form of cash dividends, net stock repurchases, and debt reduction. It is a measure of shareholder return. As of today, RiverNorth Flex Muniome Fund II's Shareholder Yield % was 9.96%.


RiverNorth Flex Muniome Fund II Shareholder Yield % Historical Data

The historical data trend for RiverNorth Flex Muniome Fund II's Shareholder Yield % 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 Shareholder Yield % Chart

RiverNorth Flex Muniome Fund II Annual Data
Trend Jun21 Jun22 Jun23
Shareholder Yield %
- - 5.82

RiverNorth Flex Muniome Fund II Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Shareholder Yield % Get a 7-Day Free Trial - - -3.70 5.82 10.44

Competitive Comparison of RiverNorth Flex Muniome Fund II's Shareholder Yield %

For the Asset Management subindustry, RiverNorth Flex Muniome Fund II's Shareholder Yield %, along with its competitors' market caps and Shareholder Yield % 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 Shareholder Yield % Distribution in the Asset Management Industry

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

* The bar in red indicates where RiverNorth Flex Muniome Fund II's Shareholder Yield % falls into.



RiverNorth Flex Muniome Fund II Shareholder Yield % Calculation

RiverNorth Flex Muniome Fund II's Shareholder Yield % for the quarter that ended in Dec. 2023 is calculated as:

Shareholder Yield %=Dividend Yield %+Buyback Yield %+Net Debt Paydown Yield %
=7.92 %+0 %+2.52 %
=10.44 %

* 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.

* All the data are calculated by TTM values. Note that if a companies is traded in several exchanges, then we calculate the company level data for Shareholder Yield % using the primary share class stock data. The calculation result in definition page is for demonstration purpose only, and it's showing the share class level data. Therefore, the numbers in the calculation may differ from elsewhere if the stock is not a primary share.


RiverNorth Flex Muniome Fund II  (NYSE:RFMZ) Shareholder Yield % Explanation

Shareholder Yield % is how much money shareholders receive from a company that is in the form of cash dividends, net stock repurchases, and debt reduction. The term was coined by William W. Priest of Epoch Investment Partners in a paper in 2005 entitled The Case for Shareholder Yield as a Dominant Driver of Future Equity Returns. William Priest indicated that "shareholder yield is a term that we came up with to reflect the various ways dividends can be paid to owners of a business in a publicly-traded company."

Shareholder Yield % is calculated by three components: Dividend Yield %, Buyback Yield %, and Net Debt Paydown Yield %.

Dividend Yield % shows how much a company pays out in dividends each year relative to its stock price, which is most obvious form of shareholder return.

Buyback Yield % is the net repurchase of shares outstanding over the market capital of the company. Shares repurchases also increase shareholder value by returning the money back to shareholders.

Net Debt Paydown Yield % is the change in average of four quarters of company's total debt over a company's market cap. Assuming the total value of a company remains that same, shareholder value is increased as debt is reduced.


RiverNorth Flex Muniome Fund II Shareholder Yield % Related Terms

Thank you for viewing the detailed overview of RiverNorth Flex Muniome Fund II's Shareholder Yield % 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

Traded in Other Exchanges
N/A
Address
360 S. Rosemary Avenue, Suite 1420, West Palm Beach, FL, USA, 33401
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