RiverNorth Flexible Municipal Income Fund II (RFMZ) Dividend Calculator
RiverNorth Flexible Municipal Income Fund II, Inc. · how much RFMZ pays you, by shares or dollars · updated
100 shares of RiverNorth Flexible Municipal Income Fund II (RFMZ) pay $96.00 a year in dividends, about $8.00 each month, at the current monthly dividend of $0.08 per share (as of Nov 5, 2026). At the $12.05 share price that is a 7.96% yield, so $10,000 buys about 829.6 shares and pays about $796 a year. To get the next payment, buy by Nov 13, 2026.
Per share, a year
$0.96
100 shares, a year
$96.00
$10,000 invested, a year
$796.42
Shares for $1,000 a month
12,500
RFMZ RiverNorth Flexible Municipal Income Fund II, Inc.
$12.05 · $0.96/yr dividend · 7.95% yield · monthly
Annual income
$96.00
Monthly (average)
$8.00
Per payment (monthly)
$8.00
Dividend yield
7.97%
Yield on cost
—
Enter your cost
Position value
$1,205
Your payments over the next 12 months
Based on RFMZ's actual pay dates over the past year
Income over 10 years if the dividend keeps growing 4% a year
Same shares, no reinvestment. Year 10: $137 · 10-year total: $1,153. Add reinvestment in the DRIP calculator →
How many RFMZ shares for a monthly income
Shares and money needed to earn each monthly amount from RiverNorth Flexible Municipal Income Fund II dividends alone, at today's rate and price, before tax. Spreading it across several stocks lowers the risk that one cut hits your whole income.
| Monthly income | Shares needed | Cost today |
|---|---|---|
| $100 a month | 1,250 | $15,068 |
| $250 a month | 3,125 | $37,669 |
| $500 a month | 6,250 | $75,338 |
| $1,000 a month | 12,500 | $150,675 |
| $2,000 a month | 25,000 | $301,350 |
| $5,000 a month | 62,500 | $753,375 |
What 100 shares of RFMZ paid each year
Holding 100 shares, you would have received $90.00 in 2021 and $103.20 in 2025, up 15%, without buying another share.
When you get the next RFMZ dividend
Last day to buy
Nov 13, 2026
Ex-dividend date
Nov 16, 2026
Pay date
Nov 30, 2026
Buy RFMZ by the close on the last day to buy and you are paid $0.08 per share on Nov 30, 2026. Buy on the ex-dividend date or later and the seller gets it. RFMZ ex-dividend dates →
How the RFMZ dividend is calculated
Yearly income = shares × $0.96
Each payment = shares × $0.08
Shares for a monthly income = (monthly goal × 12) ÷ $0.96
The rate is RiverNorth Flexible Municipal Income Fund II's current dividend as of Nov 5, 2026. A board can raise, cut or skip a dividend, so check the RFMZ dividend safety grade before counting on it.
Key facts: RiverNorth Flexible Municipal Income Fund II (RFMZ) dividend income
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, 100 shares of RiverNorth Flexible Municipal Income Fund II (RFMZ) pay $96.00 a year in dividends before tax, about $8.00 each month, at $0.96 per share a year.
- At its Nov 5, 2026 share price of $12.05, RFMZ yields 7.96%: $10,000 buys about 829.6 shares, which pay about $796.42 a year.
- Earning $1,000 a month ($12,000 a year) from RFMZ dividends alone takes about 12,500 shares, roughly $150,675 at today's price, before tax.
- 100 shares of RFMZ paid $90.00 in dividends in 2021 and $103.20 in 2025, up 15%.
- The next RFMZ dividend goes ex-dividend on Nov 16, 2026 and is paid on Nov 30, 2026; the last day to buy shares and receive it is Nov 13, 2026.
Cite this page
SmarterDividends, "RiverNorth Flexible Municipal Income Fund II (RFMZ) Dividend Calculator," updated Nov 5, 2026, https://smarterdividends.com/stocks/RFMZ/dividend-calculator
Frequently asked questions
How much dividend does 100 shares of RFMZ pay?
As of Nov 5, 2026, 100 shares of RiverNorth Flexible Municipal Income Fund II (RFMZ) pay $96.00 a year in dividends before tax, about $8.00 each month, at $0.96 per share a year.
How much dividend does 1,000 shares of RFMZ pay?
About $960 a year before tax, or $80.00 each month, at RiverNorth Flexible Municipal Income Fund II's current rate of $0.96 per share a year. Buying 1,000 shares costs about $12,054 at the Nov 5, 2026 price.
How many shares of RFMZ do I need to make $1,000 a month?
About 12,500 shares. $1,000 a month is $12,000 a year; divided by $0.96 a share, that's 12,500 shares, or about $150,675 at today's $12.05 price. Taxes in a regular brokerage account raise the number.
How much do I need to invest in RFMZ to make $100 a month?
About $15,068. $100 a month is $1,200 a year, and at a 7.96% yield that takes $15,068, or about 1,250 shares.
How often does RiverNorth Flexible Municipal Income Fund II pay dividends?
RiverNorth Flexible Municipal Income Fund II (RFMZ) pays every month, so you get 12 payments a year of about $0.08 per share each.
How is the RFMZ dividend calculated?
Multiply your shares by the dividend per share. RiverNorth Flexible Municipal Income Fund II pays about $0.96 per share a year, so each share earns $0.96 a year and $0.08 each month. Shares bought on or after the ex-dividend date don't get the next payment.
Are RFMZ dividends taxed?
In a U.S. taxable account, yes. Regular dividends from most U.S. companies are qualified, taxed at 0%, 15% or 20%, if you held the shares more than 60 days around the ex-dividend date. Foreign companies may also withhold tax at source. Inside an IRA, Roth IRA or 401(k), dividends aren't taxed when paid.
Figures use SmarterDividends data as of Nov 5, 2026, before tax, and assume the current dividend rate holds. For information only, not investment or tax advice. Back to RFMZ