RiverNorth Flexible Municipalome Fund's dividend payout ratio for the
months ended in Dec. 2023 was 1.09.
Warning Sign:
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of RiverNorth Flexible Municipal Income Fund Inc is 1.68, which seems too high.
The historical rank and industry rank for RiverNorth Flexible Municipalome Fund's Dividend Payout Ratio or its related term are showing as below:
RFM'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.09 Med: 1.58 Max: 3.07
Current: 1.68
During the past 4 years, the highest Dividend Payout Ratio of RiverNorth Flexible Municipalome Fund was 3.07. The lowest was 0.09. And the median was 1.58.
RFM's Dividend Payout Ratio is ranked worse than 80.72% of 939
companies
in the Asset Management industry
Industry Median: 0.83
vs RFM: 1.68
As of today (2024-04-23), the Dividend Yield % of RiverNorth Flexible Municipalome Fund is 7.35%.
During the past 4 years, the highest Trailing Annual Dividend Yield of RiverNorth Flexible Municipalome Fund was 15.52%. The lowest was 1.70%. And the median was 10.66%.
RiverNorth Flexible Municipalome Fund's Dividends per Share for the
months ended in Dec. 2023 was $0.59.
During the past 12 months, RiverNorth Flexible Municipalome Fund's average Dividends Per Share Growth Rate was 20.60% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
RiverNorth Flexible Municipalome Fund Dividend Payout Ratio Historical Data
The historical data trend for RiverNorth Flexible Municipalome Fund's Dividend Payout Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
RiverNorth Flexible Municipalome Fund Annual Data
Trend
Jun20
Jun21
Jun22
Jun23
Dividend Payout Ratio
-
0.09
-
3.07
RiverNorth Flexible Municipalome Fund Semi-Annual Data
Jun20
Dec20
Jun21
Dec21
Jun22
Dec22
Jun23
Dec23
Dividend Payout Ratio
13.97
-
4.79
2.47
1.09
Competitive Comparison
For the Asset Management subindustry, RiverNorth Flexible Municipalome Fund's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
RiverNorth Flexible Municipalome Fund Dividend Payout Ratio Distribution
For the Asset Management industry and Financial Services sector, RiverNorth Flexible Municipalome Fund's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where RiverNorth Flexible Municipalome Fund's Dividend Payout Ratio falls into.
RiverNorth Flexible Municipalome Fund Dividend Payout Ratio Calculation
Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.
RiverNorth Flexible Municipalome Fund's Dividend Payout Ratio for the fiscal year that ended in Jun. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
RiverNorth Flexible Municipalome Fund (NYSE:RFM) Dividend Payout Ratio Explanation
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
RiverNorth Flexible Municipalome Fund Dividend Payout Ratio Related Terms
Thank you for viewing the detailed overview of RiverNorth Flexible Municipalome Fund's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
RiverNorth Flexible Municipalome Fund (RiverNorth Flexible Municipalome Fund) Business Description
RiverNorth Flexible Municipal Income Fund Inc is a diversified, closed-end management investment company. Its 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.
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