Invesco Quality Municipal Income Trust
IQIFinancial Services · Stock · monthly payer
Forward Yield
7.47%
Annual Dividend
$0.76
Payout Ratio
223%
5-Yr Growth
4.6%
Ex-Date
Jul 14, 2026
Frequency
Monthly
Summary
As of July 2026, Invesco Quality Municipal Income Trust (IQI) yields 7.47% ($0.76 per share annually), with a blended fair-value estimate of $11.30 — +12% upside, so it screens as fairly valued. Dividend safety grade: C (54/100). 2 years of dividend growth.
Is IQI a good dividend stock?
MixedInvesco Quality Municipal Income Trust (IQI) pays a monthly dividend yielding 7.47% ($0.76/yr), with 2 years 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
Risks
- Cut its dividend in 2023
- Elevated payout ratio (223%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 7.47%
- Payout Ratio
- 223%
- Annual Dividend
- $0.76
- 5-Yr Avg Growth
- 4.6%
- Ex-Dividend Date
- Jul 14, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 0.73
- Market Cap
- $535.2M
- P/E Ratio
- 29.8
- 5-Yr Total Return
- -26%
- 52-Week Range
- $9.12 – $10.42
- Dividend Safety
- C · 54/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
IQI Price — Last 12 Months
Daily close
Price Return
1 Year
+8%
3 Years
+11%
5 Years
-26%
52-Week Range
$9.12 – $10.42
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is IQI worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Invesco Quality Municipal Income Trust is $11.30 per share, versus a market price of $10.13. That implies the stock is roughly fairly priced.
Fair Value
$11.30
Current Price
$10.13
Gap
+12%
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 3.7% annual free-cash-flow growth. We model 5.2% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.9% discount rate (CAPM), 5.2% stage-1 growth, 2.5% terminal growth, $0.34 EPS, $0.76 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
IQI 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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 14, 2026 | — | $0.0630 | regular |
| Jun 15, 2026 | — | $0.0630 | regular |
| May 14, 2026 | — | $0.0630 | regular |
| Apr 14, 2026 | — | $0.0630 | regular |
| Mar 16, 2026 | — | $0.0630 | regular |
| Feb 17, 2026 | — | $0.0630 | regular |
| Jan 15, 2026 | — | $0.0630 | regular |
| Dec 16, 2025 | — | $0.0630 | regular |
| Nov 17, 2025 | — | $0.0630 | regular |
| Oct 16, 2025 | — | $0.0630 | regular |
| Sep 16, 2025 | — | $0.0630 | regular |
| Aug 18, 2025 | — | $0.0630 | regular |
| Jul 16, 2025 | — | $0.0630 | regular |
| Jun 17, 2025 | — | $0.0630 | regular |
Income Calculator
At $0.76 / yr per share
