Mills Music Trust
MMTRSIndustrials · Stock · quarterly payer
Forward Yield
15.72%
Annual Dividend
$3.93
Payout Ratio
100%
5-Yr Growth
27.0%
Ex-Date
Jun 23, 2026
Frequency
Quarterly
Summary
As of July 2026, Mills Music Trust (MMTRS) yields 15.72% ($3.93 per share annually), with a blended fair-value estimate of $46.70 — +87% upside, so it screens as undervalued. Dividend safety grade: D (43/100). 1 years of dividend growth.
Is MMTRS a good dividend stock?
MixedMills Music Trust (MMTRS) pays a quarterly dividend yielding 15.72% ($3.93/yr), with 1 year of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Strong 27.0% 5-yr dividend growth
Risks
- Cut its dividend in 2024
- Elevated payout ratio (100%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 15.72%
- Payout Ratio
- 100%
- Annual Dividend
- $3.93
- 5-Yr Avg Growth
- 27.0%
- Ex-Dividend Date
- Jun 23, 2026
- Years of Growth
- 1
- Frequency
- quarterly
- Beta
- -0.03
- Market Cap
- $6.9M
- P/E Ratio
- 14.0
- 5-Yr Total Return
- -41%
- 52-Week Range
- $21.00 – $28.52
- Dividend Safety
- D · 43/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
MMTRS Price — Last 12 Months
Daily close
Price Return
1 Year
-4%
3 Years
-31%
5 Years
-41%
52-Week Range
$21.00 – $28.52
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MMTRS worth?
Undervaluedlow confidenceOur blended fair-value estimate for Mills Music Trust is $46.70 per share, versus a market price of $25.00. That implies 87% of upside — a margin of safety of about 46%.
Fair Value
$46.70
Current Price
$25.00
Upside
+87%
Margin of Safety
46%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 9.3% discount rate (CAPM), 4.0% stage-1 growth, 2.5% terminal growth, $1.78 EPS, $3.93 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MMTRS Dividend Safety Score
Risky
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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 23, 2026 | — | $0.3360 | regular |
| Mar 24, 2026 | — | $1.2430 | regular |
| Dec 17, 2025 | — | $2.3510 | regular |
| Sep 20, 2024 | — | $1.3350 | regular |
| Jun 21, 2024 | — | $0.4770 | regular |
| Mar 21, 2024 | — | $0.5600 | regular |
| Dec 20, 2023 | — | $0.6410 | regular |
| Sep 22, 2023 | — | $1.4250 | regular |
| Jun 22, 2023 | — | $0.3790 | regular |
| Mar 23, 2023 | — | $0.6660 | regular |
| Dec 20, 2022 | — | $0.6550 | regular |
| Jun 16, 2022 | — | $0.2600 | regular |
| Mar 28, 2022 | — | $0.5590 | regular |
| Dec 17, 2021 | — | $0.8170 | regular |
Income Calculator
At $3.93 / yr per share
