RFMZ Dividend History & Yield

RiverNorth Flexible Municipal Income Fund II, Inc. · NYSE

Stock Financial Services Monthly payer High yield
$12.91
-0.31% today
as of Sep 9, 2026
TTM yield
7.62%
$0.984/share over the last 12 months
Forward yield
7.62%
$0.984/share indicated annual rate
Annual dividend
$0.984
per share, forward
Per payment
$0.082
per share, every month
Frequency
Monthly
12 payments a year
Next ex-dividend date
Sep 15, 2026 Declared
in 6 days
Next pay date
Sep 29, 2026
in 20 days
Last ex-dividend date
Aug 14, 2026
$0.08 per share
Payout ratio
n/a
not available
Market cap
314.4M
P/E 215.2
3y dividend CAGR
-3.9%
annualised (too young for 5y)
Growth streak
0 yrs
no current streak
Years paying
5.4
since Apr 15, 2021
1y total return
+10.8%
price +3.0% + dividends 7.8%

Upcoming dividend payments

Ex-datePay datePer sharePer 100 sharesStatus
Tue, Sep 15, 2026 (in 6 days) Sep 29, 2026 $0.082 $8.20 Declared
Thu, Oct 15, 2026 (in 36 days) Oct 29, 2026 $0.082 $8.20 Estimated
Sat, Nov 14, 2026 (in 66 days) Nov 28, 2026 $0.082 $8.20 Estimated
Mon, Dec 14, 2026 (in 96 days) Dec 28, 2026 $0.082 $8.20 Estimated
Wed, Jan 13, 2027 (in 126 days) Jan 27, 2027 $0.082 $8.20 Estimated
Fri, Feb 12, 2027 (in 156 days) Feb 26, 2027 $0.082 $8.20 Estimated
Sun, Mar 14, 2027 (in 186 days) Mar 28, 2027 $0.082 $8.20 Estimated
Tue, Apr 13, 2027 (in 216 days) Apr 27, 2027 $0.082 $8.20 Estimated
Thu, May 13, 2027 (in 246 days) May 27, 2027 $0.082 $8.20 Estimated
Sat, Jun 12, 2027 (in 276 days) Jun 26, 2027 $0.082 $8.20 Estimated
Mon, Jul 12, 2027 (in 306 days) Jul 26, 2027 $0.082 $8.20 Estimated
Wed, Aug 11, 2027 (in 336 days) Aug 25, 2027 $0.082 $8.20 Estimated

Estimated dates and amounts are projected from RFMZ's recent payment pattern and will be replaced by declared figures when the company announces them. Total over the next 12 months: about $1.066 per share.

Dividend payment history

Last 40 payments per share. RegularSpecial

Last 40 payments per share from May 12, 2023 to Aug 14, 2026; most recent $0.08$0.00$0.05$0.10May 12, 2023: $0.087May '23Jun 14, 2023: $0.087Jul 13, 2023: $0.087Aug 14, 2023: $0.087Sep 14, 2023: $0.087Oct 12, 2023: $0.087Oct '23Nov 14, 2023: $0.087Dec 14, 2023: $0.087Jan 12, 2024: $0.087Feb 14, 2024: $0.087Mar 14, 2024: $0.087Mar '24Apr 12, 2024: $0.087May 14, 2024: $0.087Jun 14, 2024: $0.087Jul 15, 2024: $0.087Aug 15, 2024: $0.087Aug '24Sep 13, 2024: $0.087Oct 15, 2024: $0.087Nov 15, 2024: $0.087Dec 13, 2024: $0.087Jan 15, 2025: $0.086Jan '25Feb 14, 2025: $0.086Mar 14, 2025: $0.086Apr 15, 2025: $0.086May 15, 2025: $0.086Jun 13, 2025: $0.086Jun '25Jul 15, 2025: $0.086Aug 15, 2025: $0.086Sep 15, 2025: $0.086Oct 15, 2025: $0.086Nov 14, 2025: $0.086Nov '25Dec 15, 2025: $0.086Jan 15, 2026: $0.08Feb 13, 2026: $0.08Mar 16, 2026: $0.08Apr 15, 2026: $0.08Apr '26May 15, 2026: $0.08Jun 15, 2026: $0.08Jul 15, 2026: $0.08Aug 14, 2026: $0.08

Annual dividends per share

Annual dividend per share by calendar year, 2021 to 2026 (year to date)$0.00$0.75$1.502021: $0.90$0.9020212022: $1.156$1.15620222023: $1.044$1.04420232024: $1.044$1.04420242025: $1.032$1.03220252026 (YTD): $0.64$0.642026 YTD

How much RFMZ do you need for monthly income?

Target incomeShares neededCapital at today's pricePer year
$100 / month1,220$15,744$1,200
$500 / month6,098$78,720$6,000
$1,000 / month12,196$157,439$12,000

Based on the forward yield of 7.62%. $10,000 in RFMZ would currently pay about $762 a year ($64 a month on average). Model reinvestment and growth →

RFMZ dividend history

Ex-datePay dateAmountChange
Aug 14, 2026 $0.08 +0.0%
Jul 15, 2026 $0.08 +0.0%
Jun 15, 2026 $0.08 +0.0%
May 15, 2026 $0.08 +0.0%
Apr 15, 2026 $0.08 +0.0%
Mar 16, 2026 $0.08 +0.0%
Feb 13, 2026 $0.08 +0.0%
Jan 15, 2026 $0.08 -7.0%
Dec 15, 2025 $0.086 +0.0%
Nov 14, 2025 $0.086 +0.0%
Oct 15, 2025 $0.086 +0.0%
Sep 15, 2025 $0.086 +0.0%
Aug 15, 2025 $0.086 +0.0%
Jul 15, 2025 $0.086 +0.0%
Jun 13, 2025 $0.086 +0.0%
May 15, 2025 $0.086 +0.0%
Apr 15, 2025 $0.086 +0.0%
Mar 14, 2025 $0.086 +0.0%
Feb 14, 2025 $0.086 +0.0%
Jan 15, 2025 $0.086 -1.1%
Dec 13, 2024 $0.087 +0.0%
Nov 15, 2024 $0.087 +0.0%
Oct 15, 2024 $0.087 +0.0%
Sep 13, 2024 $0.087 +0.0%

RFMZ dividend increases & cuts

Market-wide changes →
Ex-dateChangeOldNewStatus
Jan 15, 2026 Cut 7.0% $0.086 $0.08 Paid

Detected from the regular payment stream; supplemental and special dividends are excluded. Pro members get an email the morning a holding raises or cuts.

Payout risk check

Yield-trap heuristicModerate risk

RFMZ scores 30/100 on our yield-trap heuristic (moderate risk).

2 warning flags raised:

  • Yield above 7%
  • Payment was cut within the last 5 years

This is a rule-based screen computed from public data, not a rating or a recommendation. Read our guide to yield traps for what the signals mean.

About RiverNorth Flexible Municipal Income Fund II, Inc.

Sector: Financial Services. Industry: Asset Management. First dividend on our records: Apr 15, 2021. 66 payments tracked. Data last refreshed Sep 9, 2026. Spotted a mistake? Report it and we'll fix it.

RFMZ dividend FAQ

When is RFMZ's next ex-dividend date?

RFMZ's next ex-dividend date is Sep 15, 2026 (in 6 days, declared by the company). You must own the shares before that date to receive the payment of about $0.082 per share, expected on Sep 29, 2026.

How often does RFMZ pay dividends?

RFMZ pays dividends every month, 12 times a year. The most recent payment was $0.08 per share with an ex-date of Aug 14, 2026.

What is RFMZ's dividend yield?

RFMZ's trailing 12-month dividend yield is 7.62%, based on $0.984 per share paid over the last year and a share price of $12.91. The forward yield, using the indicated annual rate of $0.984 per share, is 7.62%.

How much does RFMZ pay per share?

RFMZ pays about $0.082 per share each month, which works out to roughly $0.984 per share a year. 100 shares would collect about $98.40 a year.

Has RFMZ grown or cut its dividend?

Over the last 3 years the regular payout changed -3.9% a year. RFMZ did cut a regular payment within the last 5 years.

How many shares of RFMZ do I need to earn $100 a month?

At the current forward yield of 7.62%, you would need about 1,220 shares of RFMZ (roughly $15,744 invested at today's price) to collect $1,200 a year, or $100 a month on average, before taxes. Payments arrive every month, so the monthly figure is an average.

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