What does Fidelity Michigan Municipal Income Fund do?

Fidelity Michigan Municipal Income Fund (FMHTX) operates in the Asset Management - Income industry within the Financial Services sector. Full company description, peers, and segment breakdown are on the page above.

What is FMHTX's market cap?

Fidelity Michigan Municipal Income Fund (FMHTX) has a market capitalization of approximately $510.4 million, as of July 23, 2026, based on the most recent share price and shares outstanding.

Does FMHTX pay a dividend?

Yes — Fidelity Michigan Municipal Income Fund (FMHTX) pays a dividend monthly, with a trailing-twelve-month yield of 2.94%. Full distribution history, payout ratios, and growth rates are on the Dividend tab.

FMHTX

Fidelity Michigan Municipal Income Fund

NASDAQ·Asset Management, Income · Financial Services

$11.55$0.03−0.26%

Market cap$510.37M·Jul 23 12:10 PM UTC

Price Chart

$11.55−$0.03 (−0.26%)today

−10.19%CAGR −2.13%

Select date range

FromTo

Nov 12, 1985Jul 23, 2021 → Jul 23, 2026· 5.0 yrsJul 23, 2026

Key Metrics

DividendDividend Tab

Dividend Yield (FWD)3.00%

Annual Dividend (FWD)$0.35

Dividend Growth (5Y)+5.6%

Dividend Safety—

Payout Ratio—

FCF Payout Ratio—

Most Recent Dividend$0.029

Ex-Dividend DateJun 30

Payment DateJul 1

EarningsEarnings Tab

EPS (FWD)—

P/E Ratio (FWD)—

EPS Growth (1Y)—

EPS Growth (3Y)—

EPS Growth (5Y)—

Next Earnings Date—

Last Report Date—

Reported vs Estimate—

Earnings Surprise—

Income Statement Flow

PRO

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About Fidelity Michigan Municipal Income Fund

This fund typically dedicates a minimum of 80% of its capital to high-quality municipal bonds. A significant advantage is that the income derived from these investments is exempt from both federal and Michigan personal income taxes. Furthermore, it allocates more than 25% of its total holdings to municipal securities that support comparable types of projects. While the fund's strategy involves distributing capital across various market segments and bond maturities, it is classified as non-diversified.

Sector: Financial Services
Industry: Asset Management - Income
Exchange: NASDAQ
Website: fundresearch.fidelity.com/mutual-funds/summary/316412204

Peers

Peers Tab

FOHFX

Fidelity Ohio Municipal Income Fund

Cap

$520.3M

FPXTX

Fidelity Pennsylvania Municipal Income Fund

Cap

$450.2M

FNJHX

Fidelity New Jersey Municipal Income Fund

Cap

$739.9M

Latest News

News Tab

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Frequently Asked Questions About FMHTX

What does Fidelity Michigan Municipal Income Fund do?: Fidelity Michigan Municipal Income Fund (FMHTX) operates in the Asset Management - Income industry within the Financial Services sector. Full company description, peers, and segment breakdown are on the page above.
What is FMHTX's market cap?: Fidelity Michigan Municipal Income Fund (FMHTX) has a market capitalization of approximately $510.4 million, as of July 23, 2026, based on the most recent share price and shares outstanding.
Does FMHTX pay a dividend?: Yes — Fidelity Michigan Municipal Income Fund (FMHTX) pays a dividend monthly, with a trailing-twelve-month yield of 2.94%. Full distribution history, payout ratios, and growth rates are on the Dividend tab.