Invesco Municipal Income Opportunities Trust (OIA) Dividend

Invesco Municipal Income Opportunities Trust · Financial Services · Asset Management · monthly payer

$5.87

As of Nov 8, 2026, Invesco Municipal Income Opportunities Trust (OIA) pays a monthly dividend of $0.0290 per share, or $0.35 a year, a 5.95% yield at its $5.87 share price. The next ex-dividend date is Nov 16, 2026, paid Nov 30, 2026. It has raised its dividend 2 years in a row and has a dividend safety grade of C.

Forward Yield

5.95%

Annual Dividend

$0.35

Payout Ratio

184%

5-Yr Growth

-1.9%

Ex-Date

Nov 16, 2026

Frequency

Monthly

Key facts about OIA's dividend

Data as of Nov 8, 2026 · Source: SmarterDividends data

As of Nov 8, 2026, Invesco Municipal Income Opportunities Trust (OIA) has a forward dividend yield of 5.95%, based on an annual dividend of $0.35 per share and a share price of $5.87.
As of Nov 8, 2026, OIA's dividend safety grade from SmarterDividends is C (58 out of 100), which rates the dividend as borderline.
By SmarterDividends' count, Invesco Municipal Income Opportunities Trust (OIA) has raised its dividend for 2 consecutive years as of Nov 8, 2026.
OIA last cut its regular dividend in 2023.
OIA's next ex-dividend date is Nov 16, 2026, with payment on Nov 30, 2026. Shares must be owned before that date to receive the dividend.
As of Nov 8, 2026, OIA pays out 184% of its trailing 12-month earnings as dividends (its payout ratio).
OIA's dividend has shrunk at an average rate of 1.9% a year over the past five years.
As of Nov 8, 2026, OIA's 5.95% yield is 12% above its five-year average yield of 5.33%.
As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for OIA is $5.25 per share, 11% below the $5.87 share price, so OIA screens as fairly valued.
Invesco Municipal Income Opportunities Trust (OIA) pays its dividend monthly, 12 times a year.
Invesco Municipal Income Opportunities Trust (OIA) has raised its regular dividend 15 times and cut it 21 times across the 455 payments on record since 1988. Its most recent change was a 7.4% increase to $0.0290 per share, going ex-dividend on Feb 15, 2024. The last cut went ex-dividend on Apr 14, 2023.

Cite this page

SmarterDividends, "OIA Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/OIA

Is OIA a good dividend stock?

Yes, with caveats

Invesco Municipal Income Opportunities Trust (OIA) pays a monthly dividend yielding 5.95% ($0.35/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
Elevated payout ratio (184%)
Dividend has been shrinking, not growing
Share price is down over the past 5 years

Key Data

Dividend Yield: 5.95%
Payout Ratio: 184%
Annual Dividend: $0.35
5-Yr Avg Growth: -1.9%
Ex-Dividend Date: Nov 16, 2026
Years of Growth: 2
Frequency: monthly
Beta: 0.82
Market Cap: $281.4M
P/E Ratio: 30.9
5-Yr Total Return: -27%
52-Week Range: $5.09 – $6.40
Dividend Safety: C · 58/100
Ever Cut?: Yes (2023)

OIA dividend raises and cuts

Invesco Municipal Income Opportunities Trust (OIA) has raised its regular dividend 15 times and cut it 21 times across the 455 payments on record since 1988. Its most recent change was a 7.4% increase to $0.0290 per share, going ex-dividend on Feb 15, 2024. The last cut went ex-dividend on Apr 14, 2023.

Ex-date	Change	Old → new	Move
Feb 15, 2024	Raise	$0.0270 → $0.0290	+7.4%
Apr 14, 2023	Cut	$0.0280 → $0.0270	−3.6%
Mar 14, 2023	Cut	$0.0290 → $0.0280	−3.4%
Jul 14, 2022	Cut	$0.0310 → $0.0290	−6.5%
Sep 13, 2021	Cut	$0.0320 → $0.0310	−3.1%
Jun 13, 2019	Cut	$0.0330 → $0.0320	−3.0%
Sep 13, 2018	Cut	$0.0340 → $0.0330	−2.9%
Sep 12, 2016	Raise	$0.0330 → $0.0340	+3.0%
Sep 11, 2014	Cut	$0.0340 → $0.0330	−2.9%
Jun 11, 2014	Cut	$0.0350 → $0.0340	−2.9%
Apr 15, 2009	Cut	$0.0390 → $0.0350	−10.3%
Oct 3, 2007	Cut	$0.0450 → $0.0390	−13.3%

Show all 36 changes since 1988

Ex-date	Change	Old → new	Move
Jan 3, 2007	Cut	$0.0460 → $0.0450	−2.2%
Dec 6, 2006	Raise	$0.0450 → $0.0460	+2.2%
Oct 5, 2005	Raise	$0.0430 → $0.0450	+4.7%
Oct 6, 2004	Raise	$0.0400 → $0.0430	+7.5%
Oct 1, 2003	Cut	$0.0450 → $0.0400	−11.1%
Oct 2, 2002	Cut	$0.0480 → $0.0450	−6.3%
Feb 7, 2001	Raise	$0.0450 → $0.0480	+6.7%
Jan 3, 2001	Cut	$0.0480 → $0.0450	−6.3%
Nov 1, 2000	Raise	$0.0450 → $0.0480	+6.7%
Oct 4, 2000	Cut	$0.0530 → $0.0450	−15.1%
Oct 6, 1999	Raise	$0.0500 → $0.0530	+6.0%
Aug 4, 1999	Cut	$0.0510 → $0.0500	−2.0%
Jul 7, 1999	Raise	$0.0500 → $0.0510	+2.0%
Oct 7, 1998	Raise	$0.0480 → $0.0500	+4.2%
Oct 1, 1997	Cut	$0.0500 → $0.0480	−4.0%
Nov 6, 1996	Cut	$0.0550 → $0.0500	−9.1%
Nov 8, 1995	Raise	$0.0520 → $0.0550	+5.8%
Oct 5, 1992	Cut	$0.0600 → $0.0520	−13.3%
Aug 5, 1991	Cut	$0.0650 → $0.0600	−7.7%
Dec 3, 1990	Cut	$0.0700 → $0.0650	−7.1%
Jun 5, 1989	Raise	$0.0650 → $0.0700	+7.7%
Apr 3, 1989	Raise	$0.0600 → $0.0650	+8.3%
Mar 6, 1989	Raise	$0.0500 → $0.0600	+20.0%
Dec 30, 1988	Raise	$0.0400 → $0.0500	+25.0%

Every OIA payment →Download every raise and cut (CSV)

OIA ex-dividend date & scheduleNext ex-date Nov 16, 2026 · full ex-dividend historyView →OIA dividend historyEvery payment, totals by year, raises and cutsView →OIA dividend calculator100 shares pay $35.00 a year, $2.92 each monthCalculate →OIA total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is OIA a good dividend stock?

Yes, with caveats. Invesco Municipal Income Opportunities Trust (OIA) pays a monthly dividend yielding 5.95% ($0.35/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 OIA undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, OIA's fair value is about $5.25 versus a $5.87 share price — so it looks fairly valued (-11% vs. fair value).

Is OIA's dividend safe?

OIA has a dividend-safety grade of C (58/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

What is OIA's fair value?

Our blended fair-value estimate for OIA is about $5.25 per share, about 11% below the current $5.87 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is OIA a buy, hold, or sell?

We don't issue formal ratings, but on the data OIA screens as "yes, with caveats" and fairly valued. Invesco Municipal Income Opportunities Trust (OIA) pays a monthly dividend yielding 5.95% ($0.35/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 OIA cut its dividend?

OIA earns a dividend-safety grade of C (58/100), 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 OIA pay a dividend?

Yes. Invesco Municipal Income Opportunities Trust pays a monthly dividend of about $0.35 per share annually, a forward yield of roughly 5.95%.

How much dividend does 100 shares of OIA pay?

At $0.35 per share a year, 100 shares of OIA pay $35.00 a year in dividends before tax, about $2.92 each month. Buying them costs about $587 at the Nov 8, 2026 price.

What is OIA's dividend yield?

As of Nov 8, 2026, OIA's forward dividend yield is 5.95%, based on a $0.35 annual dividend and a $5.87 share price.

What is OIA's dividend per share?

As of Nov 8, 2026, OIA pays $0.35 per share per year, distributed on a monthly basis.

What is OIA's dividend payout ratio?

As of Nov 8, 2026, OIA's payout ratio is 184% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has OIA grown its dividend?

As of Nov 8, 2026, OIA has increased its dividend for 2 consecutive years.

When is the next OIA ex-dividend date?

As of Nov 8, 2026, the next ex-dividend date on record for OIA is Nov 16, 2026.

Dividend Growth

Total dividends per share by year

Dividend History

Full OIA dividend history →

Ex-Date	Pay Date	Amount	Type
Oct 14, 2026	Oct 30, 2026	$0.0290	regular
Sep 14, 2026	Sep 30, 2026	$0.0290	regular
Aug 17, 2026	Aug 31, 2026	$0.0290	regular
Jul 14, 2026	Jul 31, 2026	$0.0290	regular
Jun 15, 2026	Jun 30, 2026	$0.0290	regular
May 14, 2026	May 29, 2026	$0.0290	regular
Apr 14, 2026	Apr 30, 2026	$0.0290	regular
Mar 16, 2026	Mar 31, 2026	$0.0290	regular
Feb 17, 2026	Feb 27, 2026	$0.0290	regular
Jan 15, 2026	Jan 30, 2026	$0.0290	regular
Dec 16, 2025	Dec 31, 2025	$0.0290	regular
Nov 17, 2025	Nov 28, 2025	$0.0290	regular
Oct 16, 2025	Oct 31, 2025	$0.0290	regular
Sep 16, 2025	Sep 30, 2025	$0.0290	regular