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PMO

Franklin Municipal Opportunities Trust

PMO

Financial Services · Stock · monthly payer

$10.39

Undervalued · +108% Add to Portfolio

Forward Yield

4.91%

Annual Dividend

$0.51

Payout Ratio

55%

5-Yr Growth

-6.6%

Ex-Date

Aug 24, 2026

Frequency

Monthly

Summary

As of August 2026, Franklin Municipal Opportunities Trust (PMO) yields 4.91% ($0.51 per share annually), with a blended fair-value estimate of $21.59 — +108% upside, so it screens as undervalued. Dividend safety grade: C (55/100). 1 years of dividend growth.

Is PMO a good dividend stock?

Mixed

Franklin Municipal Opportunities Trust (PMO) pays a monthly dividend yielding 4.91% ($0.51/yr), with 1 year of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

  • Comfortable payout ratio (55%)

Risks

  • Cut its dividend in 2023
  • Dividend has been shrinking, not growing
  • Share price is down over the past 5 years

Key Data

Dividend Yield
4.91%
Payout Ratio
55%
Annual Dividend
$0.51
5-Yr Avg Growth
-6.6%
Ex-Dividend Date
Aug 24, 2026
Years of Growth
1
Frequency
monthly
Beta
0.71
Market Cap
$291.5M
P/E Ratio
12.2
5-Yr Total Return
-29%
52-Week Range
$9.72 – $10.87
Dividend Safety
C · 55/100
Ever Cut?
Yes (2023)
PMO ex-dividend date & scheduleNext ex-date Aug 24, 2026 · full ex-dividend historyView →

Frequently Asked Questions