RiverNorth Managed Duration Municipal Income Fund II, Inc.
RMMZFinancial Services · Stock · monthly payer
Forward Yield
7.88%
Annual Dividend
$1.07
Payout Ratio
65%
5-Yr Growth
—
Ex-Date
Sep 15, 2026
Frequency
Monthly
Summary
As of September 2026, RiverNorth Managed Duration Municipal Income Fund II, Inc. (RMMZ) yields 7.88% ($1.07 per share annually), with a blended fair-value estimate of $14.99 — +8% upside, so it screens as fairly valued. Dividend safety grade: C (52/100).
Is RMMZ a good dividend stock?
MixedRiverNorth Managed Duration Municipal Income Fund II, Inc. (RMMZ) pays a monthly dividend yielding 7.88% ($1.07/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2023
Key Data
- Dividend Yield
- 7.88%
- Payout Ratio
- 65%
- Annual Dividend
- $1.07
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- —
- Market Cap
- $113.3M
- P/E Ratio
- 7.9
- 5-Yr Total Return
- —
- 52-Week Range
- $13.72 – $15.29
- Dividend Safety
- C · 52/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
RMMZ Price — Last 12 Months
Daily close
Price Return
1 Year
-9%
3 Years
+5%
5 Years
—
52-Week Range
$13.72 – $15.29
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is RMMZ worth?
Fairly valuedhigh confidenceOur blended fair-value estimate for RiverNorth Managed Duration Municipal Income Fund II, Inc. is $14.99 per share, versus a market price of $13.82. That implies the stock is roughly fairly priced.
Fair Value
$14.99
Current Price
$13.82
Gap
+8%
Margin of Safety
8%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -3.7% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), -3.7% stage-1 growth, 2.5% terminal growth, $1.69 EPS, $1.07 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
RMMZ Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full RMMZ dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | — | $0.0890 | regular |
| Aug 14, 2026 | — | $0.0890 | regular |
| Jul 15, 2026 | — | $0.0890 | regular |
| Jun 15, 2026 | — | $0.0890 | regular |
| May 15, 2026 | — | $0.0890 | regular |
| Apr 15, 2026 | — | $0.0890 | regular |
| Mar 16, 2026 | — | $0.0890 | regular |
| Feb 13, 2026 | — | $0.0890 | regular |
| Jan 15, 2026 | — | $0.0890 | regular |
| Dec 15, 2025 | — | $0.0950 | regular |
| Nov 14, 2025 | — | $0.0950 | regular |
| Oct 15, 2025 | — | $0.0950 | regular |
| Sep 15, 2025 | — | $0.0950 | regular |
| Aug 15, 2025 | — | $0.0950 | regular |
Income Calculator
At $1.07 / yr per share
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