PMIO vs VTEB
PGIM Municipal Income Opportunities ETF compared with Vanguard Tax-Exempt Bond Index Fund ETF Shares on yield, payout growth, payment schedule, cost and risk.
PMIO
PGIM Municipal Income Opportunities ETF
TTM yield · Monthly
VTEB
Vanguard Tax-Exempt Bond Index Fund ETF Shares
TTM yield · Monthly
Quick take
- PMIO yields more today: 3.93% vs 3.49% (forward).
- Both pay every month.
- Over the last year PMIO delivered the higher total return: +3.7% vs +3.2% (price change plus payouts).
- VTEB is cheaper to own: 0.03% vs 0.25% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | PMIO | VTEB |
|---|---|---|
| Share price | $49.96 | $48.87 |
| TTM yield | 3.93% | 3.49% |
| Forward yield | 3.93% | 3.49% |
| Annual payout per share | $1.965 | $1.704 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Sep 30, 2026 (est.) | Oct 1, 2026 (est.) |
| Expense ratio | 0.25% | 0.03% |
| 1-year payout growth | — | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | 0 years | — |
| Payout consistency (last 12) | 94/100 | 98/100 |
| 1-year total return | +3.7% | +3.2% |
| 1-year price return | -0.2% | -0.3% |
| Size (market cap / AUM) | 50.1M | 49.1B |
| Years paying | 1.7 | 11.0 |
| Sector / category | Muni National Interm | Muni National Interm |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| PMIO | VTEB | |
|---|---|---|
| Shares | 200.2 | 204.6 |
| Income per year | $393 | $349 |
| Income per month (avg) | $33 | $29 |
At forward yields, before taxes. Model PMIO · Model VTEB
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| PMIO Sep 30, 2026 | Oct 14, 2026 | $0.1638 | Est. |
| PMIO Oct 30, 2026 | Nov 13, 2026 | $0.1638 | Est. |
| PMIO Nov 29, 2026 | Dec 13, 2026 | $0.1638 | Est. |
| VTEB Oct 1, 2026 | Oct 15, 2026 | $0.142 | Est. |
| VTEB Oct 31, 2026 | Nov 14, 2026 | $0.142 | Est. |
| VTEB Nov 30, 2026 | Dec 14, 2026 | $0.142 | Est. |
Annual payouts per share
PMIOVTEB
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, PMIO or VTEB?
PMIO currently has the higher trailing yield: PMIO yields 3.93% and VTEB yields 3.49%. Yield changes daily with price, so check the live figures above.
How often do PMIO and VTEB pay?
PMIO pays every month and VTEB pays every month. PMIO's next ex-date is Sep 30, 2026 and VTEB's is Oct 1, 2026.
Is PMIO or VTEB better for income?
It depends on what you are optimising for. PMIO and VTEB differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.