RiverNorth Flexible Municipal Income Fund II declares $0.0858 dividend
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 02 2025
0mins
Source: SeekingAlpha
Dividend Declaration: RiverNorth Flexible Municipal Income Fund II (RFMZ) has declared a monthly dividend of $0.0858 per share, with a forward yield of 8.12%.
Payment Schedule: The dividends are payable on July 31, August 29, and September 30 for shareholders of record on July 15, August 15, and September 15 respectively, with ex-dividend dates coinciding with the record dates.
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Analyst Views on RFMZ
Wall Street analysts forecast RFMZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RFMZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 13.050
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Current: 13.050
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About RFMZ
Rivernorth Flexible Municipal Income Fund II, Inc. is a diversified, closed-end management investment company. The Fund’s 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. Under normal market conditions, the Fund seeks to achieve its investment objectives by investing, directly or indirectly, at least 80% of its managed assets in municipal bonds, the interest on which is, in the opinion of bond counsel to the issuers, generally excludable from gross income for regular United States federal income tax purposes, except that the interest may be includable in taxable income for purposes of the Federal alternative minimum tax. The Fund’s investment adviser is RiverNorth Capital Management, LLC and sub-adviser is MacKay Shields, LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
RiverNorth Funds Propose 2026 Distribution Rate Adjustments
- Distribution Policy Update: RiverNorth Funds propose a 2026 distribution rate of 12.50% for RIV and 6.75% for RMI, RMM, RFM, RFMZ, and RMMZ, which aims to provide investors with stable cash flow and enhance investment appeal.
- Distribution Dates Set: The distribution dates for January, February, and March 2026 are established as January 30, February 27, and March 31, ensuring timely returns for investors and improving liquidity.
- Tax Implications Explained: A portion of the distributions may involve return of capital, with RIV estimating that 70.89% of its distribution comes from current year net investment income and 29.11% from capital return, impacting investors' tax planning and return expectations.
- Investor Flexibility Options: Investors can choose to receive additional shares through a dividend reinvestment plan or cash distributions, which will help enhance shareholder engagement and market participation.
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RiverNorth Flexible Municipal Income Fund II declares $0.0858 dividend
Dividend Declaration: RiverNorth Flexible Municipal Income Fund II (RFMZ) has declared a monthly dividend of $0.0858 per share, with a forward yield of 8.12%.
Payment Schedule: The dividends are payable on July 31, August 29, and September 30 for shareholders of record on July 15, August 15, and September 15 respectively, with ex-dividend dates coinciding with the record dates.
Continue Reading