SmarterDividends
MFM

Aberdeen Municipal Income Fund

MFM

Financial Services · Asset Management · Stock · monthly payer

$4.88

Fairly valued · -5% Add to Portfolio

Forward Yield

7.20%

Annual Dividend

$0.28

Payout Ratio

70%

5-Yr Growth

-2.5%

Ex-Date

Oct 23, 2026

Frequency

Monthly

Key facts about MFM's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 15, 2026, Aberdeen Municipal Income Fund (MFM) has a forward dividend yield of 7.20%, based on an annual dividend of $0.28 per share and a share price of $4.88.
  • As of Oct 15, 2026, MFM's dividend safety grade from SmarterDividends is C (62 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Aberdeen Municipal Income Fund (MFM) has raised its dividend for 2 consecutive years as of Oct 15, 2026.
  • MFM last cut its regular dividend in 2023.
  • MFM's next ex-dividend date is Oct 23, 2026, with payment on Oct 30, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 15, 2026, MFM pays out 70% of its trailing 12-month earnings as dividends (its payout ratio).
  • MFM's dividend has shrunk at an average rate of 2.5% a year over the past five years.
  • As of Oct 15, 2026, MFM's 7.20% yield is 55% above its five-year average yield of 4.63%.
  • As of Oct 15, 2026, SmarterDividends' blended fair-value estimate for MFM is $4.61 per share, 5% below the $4.88 share price, so MFM screens as fairly valued.
  • Aberdeen Municipal Income Fund (MFM) pays its dividend monthly, 12 times a year.
Cite this page

SmarterDividends, "MFM Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 15, 2026, https://smarterdividends.com/stocks/MFM

Summary

As of Oct 15, 2026, Aberdeen Municipal Income Fund (MFM) yields 7.20% ($0.28 a year per share), has a dividend safety grade of C (62/100) and has 2 consecutive years of dividend increases on record.

Is MFM a good dividend stock?

Yes, with caveats

Aberdeen Municipal Income Fund (MFM) pays a monthly dividend yielding 7.20% ($0.28/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

    Risks

    • Cut its dividend in 2023
    • Dividend has been shrinking, not growing
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    7.20%
    Payout Ratio
    70%
    Annual Dividend
    $0.28
    5-Yr Avg Growth
    -2.5%
    Ex-Dividend Date
    Oct 23, 2026
    Years of Growth
    2
    Frequency
    monthly
    Beta
    0.69
    Market Cap
    $201.0M
    P/E Ratio
    12.2
    5-Yr Total Return
    -28%
    52-Week Range
    $4.75 – $5.67
    Dividend Safety
    C · 62/100
    Ever Cut?
    Yes (2023)
    MFM ex-dividend date & scheduleNext ex-date Oct 23, 2026 · full ex-dividend historyView →MFM dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is MFM a good dividend stock?

    Yes, with caveats. Aberdeen Municipal Income Fund (MFM) pays a monthly dividend yielding 7.20% ($0.28/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

    Is MFM undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MFM's fair value is about $4.61 versus a $4.88 share price — so it looks fairly valued (-5% vs. fair value).

    Is MFM's dividend safe?

    MFM has a dividend-safety grade of C (62/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

    What is MFM's fair value?

    Our blended fair-value estimate for MFM is about $4.61 per share, about 5% below the current $4.88 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is MFM a buy, hold, or sell?

    We don't issue formal ratings, but on the data MFM screens as "yes, with caveats" and fairly valued. Aberdeen Municipal Income Fund (MFM) pays a monthly dividend yielding 7.20% ($0.28/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

    Will MFM cut its dividend?

    MFM earns a dividend-safety grade of C (62/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does MFM pay a dividend?

    Yes. Aberdeen Municipal Income Fund pays a monthly dividend of about $0.28 per share annually, a forward yield of roughly 7.20%.

    What is MFM's dividend yield?

    As of Oct 15, 2026, MFM's forward dividend yield is 7.20%, based on a $0.28 annual dividend and a $4.88 share price.

    What is MFM's dividend per share?

    As of Oct 15, 2026, MFM pays $0.28 per share per year, distributed on a monthly basis.

    What is MFM's dividend payout ratio?

    As of Oct 15, 2026, MFM's payout ratio is 70% of trailing 12-month earnings — a moderate level that's generally sustainable.

    How many years has MFM grown its dividend?

    As of Oct 15, 2026, MFM has increased its dividend for 2 consecutive years.

    When is the next MFM ex-dividend date?

    As of Oct 15, 2026, the next ex-dividend date on record for MFM is Oct 23, 2026.

    Income Calculator

    At $0.28 / yr per share

    Per payment (monthly)$2.35
    Annual$28.20
    Monthly avg$2.35

    Similar Dividend Stocks

    JPMJPMJPMorgan Chase & Co.1.99%Financial ServicesVVVisa Inc.0.68%Financial ServicesMAMAMastercard Incorporated0.58%Financial ServicesBACBACBank of America Corporation2.37%Financial Services

    Compare MFM

    MFM vs JPMMFM vs VMFM vs MAMFM vs BAC

    Explore more

    Lists and tools related to MFM