SmarterDividends
RMMZ

RiverNorth Managed Duration Municipal Income Fund II, Inc.

RMMZ

Financial Services · Stock · monthly payer

Forward Yield

7.47%

Annual Dividend

$1.11

Payout Ratio

1427%

5-Yr Growth

Ex-Date

Jun 15, 2026

Frequency

Monthly

RMMZ Dividend Safety Score

46/ 100
Grade D

Risky

Dividend-growth streak0 consecutive years of growth
Cut historyCut its dividend in 2023
Earnings payout coverage1427% of earnings paid out
Yield vs its historyYield in line with its history

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

Is RMMZ a good dividend stock?

Mixed

RiverNorth Managed Duration Municipal Income Fund II, Inc. (RMMZ) pays a monthly dividend yielding 7.47% ($1.11/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

    Risks

    • Cut its dividend in 2023
    • Elevated payout ratio (1427%)
    • Below-average dividend safety score

    Key Data

    Dividend Yield
    7.47%
    Payout Ratio
    1427%
    Annual Dividend
    $1.11
    5-Yr Avg Growth
    Ex-Dividend Date
    Jun 15, 2026
    Years of Growth
    0
    Frequency
    monthly
    Beta
    Market Cap
    $125.1M
    P/E Ratio
    185.0
    5-Yr Total Return
    52-Week Range
    $13.83 – $15.29
    Dividend Safety
    D · 46/100
    Ever Cut?
    Yes (2023)
    RMMZ ex-dividend date & scheduleNext ex-date Jun 15, 2026 · full ex-dividend historyView →

    Frequently Asked Questions

    Income Calculator

    At $1.11 / yr per share

    Per payment (monthly)$9.25
    Annual$111.00
    Monthly avg$9.25