PIMCO Flexible Municipal Income Fund
PMFAXStock · monthly payer
Forward Yield
3.74%
Annual Dividend
$0.36
Payout Ratio
—
5-Yr Growth
—
Ex-Date
—
Frequency
Monthly
Summary
As of September 2026, PIMCO Flexible Municipal Income Fund (PMFAX) yields 3.74% ($0.36 per share annually), with a blended fair-value estimate of $5.85 — -40% downside, so it screens as overvalued. Dividend safety grade: D (44/100).
Is PMFAX a good dividend stock?
MixedPIMCO Flexible Municipal Income Fund (PMFAX) pays a monthly dividend yielding 3.74% ($0.36/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 2025
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 3.74%
- Payout Ratio
- —
- Annual Dividend
- $0.36
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- —
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- —
- Market Cap
- —
- P/E Ratio
- —
- 5-Yr Total Return
- -17%
- 52-Week Range
- —
- Dividend Safety
- D · 44/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
PMFAX Price — Last 12 Months
Daily close
Price Return
1 Year
-5%
3 Years
+6%
5 Years
-17%
52-Week Range
—
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PMFAX worth?
Overvaluedlow confidenceOur blended fair-value estimate for PIMCO Flexible Municipal Income Fund is $5.85 per share, versus a market price of $9.72. That implies 40% of downside.
Fair Value
$5.85
Current Price
$9.72
Downside
-40%
Margin of Safety
-66%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.3% discount rate (CAPM), 4.0% stage-1 growth, 2.5% terminal growth, $0.36 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PMFAX 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 |
|---|---|---|---|
| Aug 31, 2026 | — | $0.0290 | regular |
| Jul 31, 2026 | — | $0.0330 | regular |
| Jun 30, 2026 | — | $0.0300 | regular |
| May 29, 2026 | — | $0.0300 | regular |
| Apr 30, 2026 | — | $0.0290 | regular |
| Mar 31, 2026 | — | $0.0290 | regular |
| Feb 27, 2026 | — | $0.0300 | regular |
| Jan 30, 2026 | — | $0.0330 | regular |
| Dec 31, 2025 | — | $0.0310 | regular |
| Nov 28, 2025 | — | $0.0290 | regular |
| Oct 31, 2025 | — | $0.0320 | regular |
| Sep 30, 2025 | — | $0.0290 | regular |
| Aug 29, 2025 | — | $0.0310 | regular |
| Jul 31, 2025 | — | $0.0310 | regular |
Income Calculator
At $0.36 / yr per share
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