Nuveen Dynamic Municipal Opportunities Fund
NDMOFinancial Services · Stock · monthly payer
Forward Yield
7.90%
Annual Dividend
$0.70
Payout Ratio
122%
5-Yr Growth
-4.2%
Ex-Date
Aug 14, 2026
Frequency
Monthly
Summary
As of September 2026, Nuveen Dynamic Municipal Opportunities Fund (NDMO) yields 7.90% ($0.70 per share annually), with a blended fair-value estimate of $10.16 — +11% upside, so it screens as fairly valued. Dividend safety grade: D (48/100).
Is NDMO a good dividend stock?
MixedNuveen Dynamic Municipal Opportunities Fund (NDMO) pays a monthly dividend yielding 7.90% ($0.70/yr), with 0 years 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
Risks
- Cut its dividend in 2023
- Elevated payout ratio (122%)
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 7.90%
- Payout Ratio
- 122%
- Annual Dividend
- $0.70
- 5-Yr Avg Growth
- -4.2%
- Ex-Dividend Date
- Aug 14, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- —
- Market Cap
- $531.7M
- P/E Ratio
- 14.4
- 5-Yr Total Return
- -41%
- 52-Week Range
- $9.09 – $10.82
- Dividend Safety
- D · 48/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
NDMO Price — Last 12 Months
Daily close
Price Return
1 Year
-13%
3 Years
+1%
5 Years
-41%
52-Week Range
$9.09 – $10.82
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NDMO worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Nuveen Dynamic Municipal Opportunities Fund is $10.16 per share, versus a market price of $9.17. That implies the stock is roughly fairly priced.
Fair Value
$10.16
Current Price
$9.17
Gap
+11%
Margin of Safety
10%
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 -10.0% annual free-cash-flow growth. We model -5.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $0.61 EPS, $0.70 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NDMO 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
Full NDMO dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | — | $0.0590 | regular |
| Aug 14, 2026 | — | $0.0590 | regular |
| Jul 15, 2026 | — | $0.0590 | regular |
| Jun 15, 2026 | — | $0.0590 | regular |
| May 15, 2026 | — | $0.0620 | regular |
| Apr 15, 2026 | — | $0.0620 | regular |
| Mar 13, 2026 | — | $0.0620 | regular |
| Feb 13, 2026 | — | $0.0620 | regular |
| Aug 15, 2025 | — | $0.0620 | regular |
| Jul 15, 2025 | — | $0.0620 | regular |
| Jun 13, 2025 | — | $0.0620 | regular |
| May 15, 2025 | — | $0.0620 | regular |
| Apr 15, 2025 | — | $0.0620 | regular |
| Mar 14, 2025 | — | $0.0620 | regular |
Income Calculator
At $0.70 / yr per share
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