NYSE · Asset Management · USD

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

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

Last Updated: October 21, 2026

RFMZ

$11.89

−$0.03 (−0.25%)

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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RFMZ Key Statistics

As of Oct 21, 2026

Trading

Open: $11.90
Previous Close: $11.92
Day's Range: 11.83–12.00
52-Week Range: 11.31–13.70
Volume: 94.16K

Valuation

Market Cap: $289.54M
P/E Ratio: 7.43
EPS (ttm): 1.60

Financials (FY)

Revenue (FY): −$13.96M−143.70%
Net Income (FY): −$14.19M−144.63%
Shares Outstanding: 24.35M
1-Year Return: −3.68%

Dividend and dates

Dividend: $0.96+8.09%
Ex-Dividend Date: November 16, 2026
Avg Volume: 84.38K

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

Key facts

As of October 21, 2026, RFMZ closed at $11.89, −3.68% over 1 year.

RiverNorth Flexible Municipal Income Fund II, Inc. (RFMZ) has a market capitalization of $289.54M.

In fiscal 2025, RFMZ reported revenue of −$13.96M.

RFMZ Stock Return by Calendar Year

RiverNorth Flexible Municipal Income Fund II, Inc. (RFMZ) return since Feb 2021: what $10,000 became

1 year: $10,000 $9,632; −3.68%
5 years: $10,000 $8,363; −16.37%
Since Feb 2021: $10,000 $8,801; −11.99%

If you had invested $10,000 in RiverNorth Flexible Municipal Income Fund II, Inc. (RFMZ) at the close on February 24, 2021, the earliest close on record here, it would have been worth $8,801 at the close on October 21, 2026: −11.99% in total, −2.23% 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.

+3.62%−26.40%+4.58%+10.15%+2.24%−2.01%

2021*20222023202420252026*

Year	Return
2026 (partial year)	−2.01%
2025	+2.24%
2024	+10.15%
2023	+4.58%
2022	−26.40%
2021 (partial year)	+3.62%

As of October 21, 2026.

RFMZ Revenue and Earnings by Fiscal Year

FY ends June

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	−$13.96M	−$14.19M	101.7%
2024	$31.95M	$31.80M	99.6%
2023	$15.70M	$15.62M	99.5%
2022	−$93.40M	−$93.44M	100.0%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	−$13.96M	—	—	−$14.19M	101.7%
2024	$31.95M	—	—	$31.80M	99.6%
2023	$15.70M	—	—	$15.62M	99.5%
2022	−$93.40M	—	—	−$93.44M	100.0%

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

RFMZ Dividend History

’21’22’23’24’25’26*

$1.03−1.1% vs 2024

Dividends per share, 2025 · 12 payments

Year	Dividends per share	Payments	Change
2026*	$0.72	9	—
2025	$1.03	12	−1.1%
2024	$1.04	12	+0.0%
2023	$1.04	12	−9.7%

Year	Dividends per share	Payments	Change
2026 (partial year)	$0.72	9	—
2025	$1.03	12	−1.1%
2024	$1.04	12	+0.0%
2023	$1.04	12	−9.7%
2022	$1.16	13	+28.4%
2021	$0.90	9	—

Most recent payment: $0.08 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.

RFMZ Valuation vs Asset Management Median

Median of 512 stocks

Metric	RFMZ	Asset Management median	vs median
P/E	7.43	9.44	21% 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 II, Inc. (RFMZ) at $289.54M. It is classified in the Asset Management industry, within the Financial Services sector.

The most recent close on file for RFMZ is $11.89, dated October 21, 2026. That is −$0.03 (−0.25%) against the previous close. The 52-week range on file runs from $11.31 to $13.70. The latest close sits 5.13% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of −$13.96M. That is −143.70% against the prior fiscal year, when revenue was $31.95M. The same year closed with a net loss of $14.19M. Trailing earnings per share are 1.6.

Across the 4 fiscal years on file, revenue moves from −$93.40M in 2022 to −$13.96M in 2025. Of those 4 years, 2 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 7.43 times earnings. That is 21.29% below the Asset Management median of 9.44. The medians here are taken across 512 Asset Management companies that report the metric.

Annualized volatility over the trailing 5 years is 13.6%. Over the trailing twelve months the total return is −3.68%. Across 5 years the annualized return works out at −3.51%.

Growth & Income

RFMZ pays a dividend yielding 8.09%. That is 0.8 percentage points below the Asset Management median yield of 8.91%. At the indicated rate that is $0.96 a share a year. The ex-dividend date on file is November 16, 2026. Dividends are recorded for 6 calendar years; 2026 shows 9 payments totalling $0.72 a share. The year before, 2025, totalled $1.03 a share.

The strongest complete calendar year on file is 2024 at +10.15%; the weakest is 2022 at −26.40%. Of the 4 complete calendar years on file, 3 finished higher. So far in 2026 the total return is −2.01%.

Peer Comparison

RiverNorth Flexible Municipal Income Fund II, Inc. (RFMZ) 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 II, Inc.	RFMZ	$289.54M	7.4
BlackRock, Inc.	BLK	$184.31B	25.8
Blackstone Inc.	BX	$127.43B	23.9
Brookfield Corporation	BN	$83.74B	69.5