Eaton Vance National Municipal Opportunities Trust
EOTFinancial Services · Stock · monthly payer
Forward Yield
5.25%
Annual Dividend
$0.82
Payout Ratio
114%
5-Yr Growth
1.0%
Ex-Date
Sep 15, 2026
Frequency
Monthly
Summary
As of September 2026, Eaton Vance National Municipal Opportunities Trust (EOT) yields 5.25% ($0.82 per share annually), with a blended fair-value estimate of $9.97 — -37% downside, so it screens as overvalued. Dividend safety grade: C (56/100). 2 years of dividend growth.
Is EOT a good dividend stock?
MixedEaton Vance National Municipal Opportunities Trust (EOT) pays a monthly dividend yielding 5.25% ($0.82/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 2020
- Elevated payout ratio (114%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 5.25%
- Payout Ratio
- 114%
- Annual Dividend
- $0.82
- 5-Yr Avg Growth
- 1.0%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- —
- Market Cap
- $239.8M
- P/E Ratio
- 21.3
- 5-Yr Total Return
- -29%
- 52-Week Range
- $15.75 – $18.00
- Dividend Safety
- C · 56/100
- Ever Cut?
- Yes (2020)
Frequently Asked Questions
EOT Price — Last 12 Months
Daily close
Price Return
1 Year
-5%
3 Years
+7%
5 Years
-29%
52-Week Range
$15.75 – $18.00
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is EOT worth?
Overvaluedhigh confidenceOur blended fair-value estimate for Eaton Vance National Municipal Opportunities Trust is $9.97 per share, versus a market price of $15.92. That implies 37% of downside.
Fair Value
$9.97
Current Price
$15.92
Downside
-37%
Margin of Safety
-60%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 11.4% annual free-cash-flow growth. We model 1.2% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.3% discount rate (CAPM), 1.2% stage-1 growth, 2.5% terminal growth, $0.72 EPS, $0.82 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
EOT 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 EOT dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | — | $0.0680 | regular |
| Aug 14, 2026 | — | $0.0680 | regular |
| Jul 15, 2026 | — | $0.0680 | regular |
| Jun 15, 2026 | — | $0.0680 | regular |
| May 15, 2026 | — | $0.0680 | regular |
| Apr 15, 2026 | — | $0.0680 | regular |
| Mar 16, 2026 | — | $0.0680 | regular |
| Feb 17, 2026 | — | $0.0680 | regular |
| Jan 15, 2026 | — | $0.0680 | regular |
| Dec 15, 2025 | — | $0.0680 | regular |
| Nov 14, 2025 | — | $0.0680 | regular |
| Oct 15, 2025 | — | $0.0680 | regular |
| Sep 15, 2025 | — | $0.0680 | regular |
| Aug 15, 2025 | — | $0.0680 | regular |
Income Calculator
At $0.82 / yr per share
Similar Dividend Stocks
Compare EOT
Explore more
Lists and tools related to EOT
- Monthly dividend stocks →
- Financial Services dividend stocks →
- Dividend calendar →
- Dividend income calculator →
- DRIP calculator →
- Latest dividend cuts →
- Dividend cuts this month (research note) →
- Dividend increases this month (research note) →
- Safety score track record →
- Dividend screener →
- Dividend history lookup →
- Guide: what is a good dividend yield? →
- Guide: how to value a dividend stock →