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RiverNorth Flexible Municipalome Fund 5-Year Yield-on-Cost %

: 3.17 (As of Today)
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RiverNorth Flexible Municipalome Fund's yield on cost for the quarter that ended in Jun. 2021 was 3.17.


The historical rank and industry rank for RiverNorth Flexible Municipalome Fund's 5-Year Yield-on-Cost % or its related term are showing as below:

NYSE:RFM' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0   Med: 0   Max: 3.18
Current: 3.17

0
3.18

During the past 2 years, RiverNorth Flexible Municipalome Fund's highest Yield on Cost was 3.18. The lowest was 0.00. And the median was 0.00.


NYSE:RFM's 5-Year Yield-on-Cost % is ranked lower than
99.99% of the 33 Companies
in the Asset Management industry.

( Industry Median: 2.52 vs. NYSE:RFM: 3.17 )

Competitive Comparison

For the Asset Management subindustry, RiverNorth Flexible Municipalome Fund's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % Distribution

For the Asset Management industry and Financial Services sector, RiverNorth Flexible Municipalome Fund's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where RiverNorth Flexible Municipalome Fund's 5-Year Yield-on-Cost % falls into.



RiverNorth Flexible Municipalome Fund 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of RiverNorth Flexible Municipalome Fund is calculated as

Yield-on-Cost=Dividend Yield %*(1+Dividend Growth Rate)^5

RiverNorth Flexible Municipalome Fund  (NYSE:RFM) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.


RiverNorth Flexible Municipalome Fund 5-Year Yield-on-Cost % Related Terms

Thank you for viewing the detailed overview of RiverNorth Flexible Municipalome Fund's 5-Year Yield-on-Cost % 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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