NYSE · Asset Management · USD

RiverNorth Flexible Municipal Income Fund, Inc. (RFM) Stock Analysis

RiverNorth Flexible Municipal Income Fund, Inc. (RFM) is a Asset Management stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

RFM

$13.15

+$0.01 (+0.08%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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RFM Key Statistics

As of Oct 21, 2026

Trading

Open: $13.15
Previous Close: $13.14
Day's Range: 13.11–13.24
52-Week Range: 12.52–15.03
Volume: 26.74K

Valuation

Market Cap: $80.41M
P/E Ratio: 7.39
EPS (ttm): 1.78

Financials (FY)

Revenue (FY): −$3.69M−146.60%
Net Income (FY): −$3.96M−151.04%
Shares Outstanding: 6.11M
1-Year Return: −3.27%

Dividend and dates

Dividend: $1.06+8.05%
Ex-Dividend Date: November 16, 2026
Avg Volume: 18.27K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, RFM closed at $13.15, −3.27% over 1 year.

RiverNorth Flexible Municipal Income Fund, Inc. (RFM) has a market capitalization of $80.41M.

In fiscal 2025, RFM reported revenue of −$3.69M.

RFM Stock Return by Calendar Year

RiverNorth Flexible Municipal Income Fund, Inc. (RFM) return since Mar 2020: what $10,000 became

1 year: $10,000 $9,673; −3.27%
5 years: $10,000 $8,730; −12.70%
Since Mar 2020: $10,000 $11,093; +10.93%

If you had invested $10,000 in RiverNorth Flexible Municipal Income Fund, Inc. (RFM) at the close on March 27, 2020, the earliest close on record here, it would have been worth $11,093 at the close on October 21, 2026: +10.93% in total, +1.59% a year, with dividends reinvested, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

+15.32%+10.84%−22.86%+9.27%+3.20%+1.59%−1.80%

2020*202120222023202420252026*

Year	Return
2026 (partial year)	−1.80%
2025	+1.59%
2024	+3.20%
2023	+9.27%
2022	−22.86%
2021	+10.84%
2020 (partial year)	+15.32%

As of October 21, 2026.

RFM Revenue and Earnings by Fiscal Year

FY ends June

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	−$3.69M	−$3.96M	107.3%
2024	$7.93M	$7.76M	98.0%
2023	$3.55M	$3.30M	93.0%
2022	−$26.06M	−$26.13M	100.3%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	−$3.69M	—	—	−$3.96M	107.3%
2024	$7.93M	—	—	$7.76M	98.0%
2023	$3.55M	—	—	$3.30M	93.0%
2022	−$26.06M	—	—	−$26.13M	100.3%

Annual figures as reported, in the company's reporting currency. As of June 30, 2025.

RFM Dividend History

’20’21’22’23’24’25’26*

$1.13−1.1% vs 2024

Dividends per share, 2025 · 12 payments

Year	Dividends per share	Payments	Change
2026*	$0.79	9	—
2025	$1.13	12	−1.1%
2024	$1.14	12	−28.0%
2023	$1.58	12	+20.7%

Year	Dividends per share	Payments	Change
2026 (partial year)	$0.79	9	—
2025	$1.13	12	−1.1%
2024	$1.14	12	−28.0%
2023	$1.58	12	+20.7%
2022	$1.31	13	−42.9%
2021	$2.30	13	+107.5%
2020	$1.11	8	—

Most recent payment: $0.09 per share, ex-dividend September 15, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

RFM Valuation vs Asset Management Median

Median of 512 stocks

Metric	RFM	Asset Management median	vs median
P/E	7.39	9.44	22% below

Medians across 512 Asset Management stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

The market values RiverNorth Flexible Municipal Income Fund, Inc. (RFM) at $80.41M. It is classified in the Asset Management industry, within the Financial Services sector.

RFM last closed at $13.15 on October 21, 2026. That is +$0.01 (+0.08%) against the previous close. The 52-week range on file runs from $12.52 to $15.03. The latest close sits 5.03% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of −$3.69M. That is −146.60% against the prior fiscal year, when revenue was $7.93M. The same year closed with a net loss of $3.96M. Trailing earnings per share are 1.78.

Across the 4 fiscal years on file, revenue moves from −$26.06M in 2022 to −$3.69M in 2025. Of those 4 years, 2 report positive net income.

Valuation Assessment

RFM trades at a trailing price-to-earnings ratio of 7.39. That is 21.72% below the Asset Management median of 9.44. 512 Asset Management companies report these metrics, and the medians quoted come from that group.

Daily returns over the trailing 6 years annualize to a volatility of 12.77%. The trailing one-year total return is −3.27%. Across 5 years the annualized return works out at −2.68%.

Growth & Income

The trailing dividend yield is 8.05%. That is 0.9 percentage points below the Asset Management median yield of 8.91%. At the indicated rate that is $1.06 a share a year. The ex-dividend date on file is November 16, 2026. Dividends are recorded for 7 calendar years; 2026 shows 9 payments totalling $0.79 a share. The year before, 2025, totalled $1.13 a share.

2026 is still running; the total return is −1.80% year to date. Across the complete calendar years on file, 2021 returned +10.84% and 2022 returned −22.86%. Of the 5 complete calendar years on file, 4 finished higher.

Peer Comparison

RiverNorth Flexible Municipal Income Fund, Inc. (RFM) operates in the Asset Management industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
RiverNorth Flexible Municipal Income Fund, Inc.	RFM	$80.41M	7.4
BlackRock, Inc.	BLK	$184.31B	25.8
Blackstone Inc.	BX	$127.43B	23.9
Brookfield Corporation	BN	$83.74B	69.5