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RiverNorth Flexible Municipalome Fund Dividend Yield %

: 3.09% (As of Today)
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As of today (2021-10-17), the Trailing Annual Dividend Yield of RiverNorth Flexible Municipalome Fund is 3.09%.

The historical rank and industry rank for RiverNorth Flexible Municipalome Fund's Dividend Yield % or its related term are showing as below:

NYSE:RFM' s Dividend Yield % Range Over the Past 10 Years
Min: 0   Med: 0   Max: 3.12
Current: 3.09

0
3.12

During the past 2 years, the highest Dividend Yield of RiverNorth Flexible Municipalome Fund was 3.12%. The lowest was 0.00%. And the median was 0.00%.

NYSE:RFM's Dividend Yield % is ranked lower than
99.99% of the 33 Companies
in the Asset Management industry.

( Industry Median: 1.81 vs. NYSE:RFM: 3.09 )

RiverNorth Flexible Municipalome Fund's Dividend Payout Ratio for the six months ended in Jun. 2021 was 0.23.

During the past 2 years, the highest Dividend Payout Ratio of RiverNorth Flexible Municipalome Fund was 0.09. The lowest was 0.09. And the median was 0.09.

As of today (2021-10-17), the Forward Dividend Yield % of RiverNorth Flexible Municipalome Fund is 5.29%.

RiverNorth Flexible Municipalome Fund's Dividends per Share for the six months ended in Jun. 2021 was $0.42.

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 Yield % Historical Data

The historical data trend for RiverNorth Flexible Municipalome Fund's Dividend Yield % 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
Dividend Yield %
- 1.32

RiverNorth Flexible Municipalome Fund Semi-Annual Data
Jun20 Dec20 Jun21
Dividend Yield % - - 1.32

Competitive Comparison

For the Asset Management subindustry, RiverNorth Flexible Municipalome Fund's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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 Yield % Distribution

For the Asset Management industry and Financial Services sector, RiverNorth Flexible Municipalome Fund's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where RiverNorth Flexible Municipalome Fund's Dividend Yield % falls into.



RiverNorth Flexible Municipalome Fund Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

RiverNorth Flexible Municipalome Fund Recent Full-Year Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.1042021-10-142021-10-152021-10-29Cash DividendmonthlyUSD:USD 1.000000
USD 0.1042021-09-152021-09-162021-09-30Cash DividendmonthlyUSD:USD 1.000000
USD 0.1042021-08-162021-08-172021-08-31Cash DividendmonthlyUSD:USD 1.000000
USD 0.1042021-07-152021-07-162021-07-30Cash DividendmonthlyUSD:USD 1.000000
USD 0.1042021-06-152021-06-162021-06-30Cash DividendmonthlyUSD:USD 1.000000
USD 0.1042021-05-132021-05-142021-05-28Cash DividendmonthlyUSD:USD 1.000000
USD 0.1042021-04-152021-04-162021-04-30Cash DividendmonthlyUSD:USD 1.000000

* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

RiverNorth Flexible Municipalome Fund's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=0.728/23.6398
=3.08 %

Current Share Price is $23.6398.
RiverNorth Flexible Municipalome Fund's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.728.

RiverNorth Flexible Municipalome Fund's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=1.248/23.6398
=5.28 %

Current Share Price is $23.6398.
RiverNorth Flexible Municipalome Fund's Dividends per Share for the forward twelve months is calculated as $0.104 * 12 = $1.248.

* 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 Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

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.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


RiverNorth Flexible Municipalome Fund Dividend Yield % Related Terms

Thank you for viewing the detailed overview of RiverNorth Flexible Municipalome Fund's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


RiverNorth Flexible Municipalome Fund Business Description

RiverNorth Flexible Municipalome Fund logo
Industry
Financial Services » Asset Management NAICS : 523991 SIC : 6733
Comparable Companies
Traded in Other Exchanges
N/A
Address
325 North LaSalle Street, Suite 645, Chicago, IL, USA, 60654
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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