Eaton Vance Municipal Bond Fund
EIMFinancial Services · Stock · monthly payer
Forward Yield
6.85%
Annual Dividend
$0.61
Payout Ratio
265%
5-Yr Growth
0.8%
Ex-Date
Sep 15, 2026
Frequency
Monthly
Summary
As of September 2026, Eaton Vance Municipal Bond Fund (EIM) yields 6.85% ($0.61 per share annually), with a blended fair-value estimate of $12.63 — +40% upside, so it screens as undervalued. Dividend safety grade: C (52/100). 2 years of dividend growth.
Is EIM a good dividend stock?
MixedEaton Vance Municipal Bond Fund (EIM) pays a monthly dividend yielding 6.85% ($0.61/yr), with 2 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2023
- Elevated payout ratio (265%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 6.85%
- Payout Ratio
- 265%
- Annual Dividend
- $0.61
- 5-Yr Avg Growth
- 0.8%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 0.52
- Market Cap
- $451.6M
- P/E Ratio
- 38.2
- 5-Yr Total Return
- -32%
- 52-Week Range
- $9.03 – $10.06
- Dividend Safety
- C · 52/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
EIM Price — Last 12 Months
Daily close
Price Return
1 Year
-9%
3 Years
+2%
5 Years
-32%
52-Week Range
$9.03 – $10.06
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is EIM worth?
Undervaluedlow confidenceOur blended fair-value estimate for Eaton Vance Municipal Bond Fund is $12.63 per share, versus a market price of $9.03. That implies 40% of upside — a margin of safety of about 29%.
Fair Value
$12.63
Current Price
$9.03
Upside
+40%
Margin of Safety
29%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 0.4% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 0.4% stage-1 growth, 2.5% terminal growth, $0.23 EPS, $0.61 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
EIM Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full EIM dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | — | $0.0510 | regular |
| Aug 14, 2026 | — | $0.0510 | regular |
| Jul 15, 2026 | — | $0.0510 | regular |
| Jun 15, 2026 | — | $0.0510 | regular |
| May 15, 2026 | — | $0.0510 | regular |
| Apr 15, 2026 | — | $0.0510 | regular |
| Mar 16, 2026 | — | $0.0510 | regular |
| Feb 17, 2026 | — | $0.0510 | regular |
| Jan 15, 2026 | — | $0.0510 | regular |
| Dec 15, 2025 | — | $0.0510 | regular |
| Nov 14, 2025 | — | $0.0510 | regular |
| Oct 15, 2025 | — | $0.0510 | regular |
| Sep 15, 2025 | — | $0.0510 | regular |
| Aug 15, 2025 | — | $0.0510 | regular |
Income Calculator
At $0.61 / yr per share
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