Invesco Municipal Income Opportunities Trust
OIAFinancial Services · Stock · monthly payer
Forward Yield
6.28%
Annual Dividend
$0.35
Payout Ratio
184%
5-Yr Growth
-1.9%
Ex-Date
Sep 14, 2026
Frequency
Monthly
Summary
As of September 2026, Invesco Municipal Income Opportunities Trust (OIA) yields 6.28% ($0.35 per share annually), with a blended fair-value estimate of $5.06 — -11% downside, so it screens as fairly valued. Dividend safety grade: C (58/100). 2 years of dividend growth.
Is OIA a good dividend stock?
Yes, with caveatsInvesco Municipal Income Opportunities Trust (OIA) pays a monthly dividend yielding 6.28% ($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
- 6.28%
- Payout Ratio
- 184%
- Annual Dividend
- $0.35
- 5-Yr Avg Growth
- -1.9%
- Ex-Dividend Date
- Sep 14, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 0.80
- Market Cap
- $261.2M
- P/E Ratio
- 28.7
- 5-Yr Total Return
- -29%
- 52-Week Range
- $5.60 – $6.40
- Dividend Safety
- C · 58/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
OIA Price — Last 12 Months
Daily close
Price Return
1 Year
-5%
3 Years
+11%
5 Years
-29%
52-Week Range
$5.60 – $6.40
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is OIA worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Invesco Municipal Income Opportunities Trust is $5.06 per share, versus a market price of $5.69. That implies the stock is roughly fairly priced.
Fair Value
$5.06
Current Price
$5.69
Gap
-11%
Margin of Safety
-12%
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.
At today's price, the market is pricing in about -0.2% annual free-cash-flow growth. We model -1.9% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.3% discount rate (CAPM), -1.9% stage-1 growth, 2.5% terminal growth, $0.19 EPS, $0.35 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
OIA 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 OIA dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 14, 2026 | — | $0.0290 | regular |
| Aug 17, 2026 | — | $0.0290 | regular |
| Jul 14, 2026 | — | $0.0290 | regular |
| Jun 15, 2026 | — | $0.0290 | regular |
| May 14, 2026 | — | $0.0290 | regular |
| Apr 14, 2026 | — | $0.0290 | regular |
| Mar 16, 2026 | — | $0.0290 | regular |
| Feb 17, 2026 | — | $0.0290 | regular |
| Jan 15, 2026 | — | $0.0290 | regular |
| Dec 16, 2025 | — | $0.0290 | regular |
| Nov 17, 2025 | — | $0.0290 | regular |
| Oct 16, 2025 | — | $0.0290 | regular |
| Sep 16, 2025 | — | $0.0290 | regular |
| Aug 18, 2025 | — | $0.0290 | regular |
Income Calculator
At $0.35 / yr per share
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