Aberdeen Municipal Income Fund
MFMFinancial Services · Stock · monthly payer
Forward Yield
5.38%
Annual Dividend
$0.30
Payout Ratio
70%
5-Yr Growth
-2.5%
Ex-Date
Jul 23, 2026
Frequency
Monthly
Summary
As of July 2026, Aberdeen Municipal Income Fund (MFM) yields 5.38% ($0.30 per share annually), with a blended fair-value estimate of $4.11 — -26% downside, so it screens as overvalued. Dividend safety grade: C (60/100). 2 years of dividend growth.
Is MFM a good dividend stock?
Yes, with caveatsAberdeen Municipal Income Fund (MFM) pays a monthly dividend yielding 5.38% ($0.30/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
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 5.38%
- Payout Ratio
- 70%
- Annual Dividend
- $0.30
- 5-Yr Avg Growth
- -2.5%
- Ex-Dividend Date
- Jul 23, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 0.67
- Market Cap
- $229.8M
- P/E Ratio
- 13.6
- 5-Yr Total Return
- -23%
- 52-Week Range
- $5.03 – $5.67
- Dividend Safety
- C · 60/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
MFM Price — Last 12 Months
Daily close
Price Return
1 Year
+8%
3 Years
+13%
5 Years
-23%
52-Week Range
$5.03 – $5.67
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MFM worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Aberdeen Municipal Income Fund is $4.11 per share, versus a market price of $5.58. That implies 26% of downside.
Fair Value
$4.11
Current Price
$5.58
Downside
-26%
Margin of Safety
-36%
How we get there
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 14.4% annual free-cash-flow growth. We model -2.3% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.6% discount rate (CAPM), -2.3% stage-1 growth, 2.5% terminal growth, $0.41 EPS, $0.30 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MFM 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 |
|---|---|---|---|
| Jun 23, 2026 | — | $0.0300 | regular |
| May 19, 2026 | — | $0.0240 | regular |
| Apr 14, 2026 | — | $0.0240 | regular |
| Mar 17, 2026 | — | $0.0240 | regular |
| Feb 17, 2026 | — | $0.0240 | regular |
| Jan 20, 2026 | — | $0.0240 | regular |
| Dec 16, 2025 | — | $0.0240 | regular |
| Nov 18, 2025 | — | $0.0240 | regular |
| Oct 14, 2025 | — | $0.0240 | regular |
| Sep 16, 2025 | — | $0.0240 | regular |
| Aug 19, 2025 | — | $0.0240 | regular |
| Jul 15, 2025 | — | $0.0240 | regular |
| Jun 17, 2025 | — | $0.0240 | regular |
| May 13, 2025 | — | $0.0220 | regular |
Income Calculator
At $0.30 / yr per share
