What does Fidelity Maryland Municipal Income Fund do?

Fidelity Maryland Municipal Income Fund (SMDMX) 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 SMDMX's market cap?

Fidelity Maryland Municipal Income Fund (SMDMX) has a market capitalization of approximately $164.2 million, as of July 23, 2026, based on the most recent share price and shares outstanding.

Does SMDMX pay a dividend?

Yes — Fidelity Maryland Municipal Income Fund (SMDMX) pays a dividend monthly, with a trailing-twelve-month yield of 2.59%. Full distribution history, payout ratios, and growth rates are on the Dividend tab.

SMDMX

Fidelity Maryland Municipal Income Fund

NASDAQ·Asset Management, Income · Financial Services

$10.82$0.03−0.28%

Market cap$164.19M·Market closed·Jul 23 12:10 PM UTC

Price Chart

$10.82−$0.03 (−0.28%)today

−9.46%CAGR −1.97%

Select date range

FromTo

Apr 22, 1993Jul 23, 2021 → Jul 23, 2026· 5.0 yrsJul 23, 2026

Key Metrics

DividendDividend Tab

Dividend Yield (FWD)2.59%

Annual Dividend (FWD)$0.28

Dividend Growth (5Y)+4.2%

Dividend Safety—

Payout Ratio—

FCF Payout Ratio—

Most Recent Dividend$0.023

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—

FinancialsFinancials Tab

Revenue$20.96M

Net Income$17.77M

Net Margin84.8%

Operating Cash Flow$0.00

Capital Expenditures$0.00

Free Cash Flow$0.00

Return on Equity4.4%

Return on Invested Capital0.9%

Net Debt$38.45M

Value Graph

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EPS · Price vs. Fair Value Price Fair

Income Statement Flow

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About Fidelity Maryland Municipal Income Fund

This fund primarily allocates at least 80% of its capital to high-quality municipal bonds, offering income exempt from both federal and Maryland state personal income taxes. Its investments are strategically distributed across a range of market sectors and maturity profiles. Notably, the fund has the flexibility to commit over 25% of its total assets to municipal securities supporting similar project types. This offering is classified as non-diversified.

Sector: Financial Services
Industry: Asset Management - Income
Exchange: NASDAQ
Website: fundresearch.fidelity.com/mutual-funds/summary/316448604

Peers

Peers Tab

FSAZX

Fidelity Arizona Municipal Income Fund

Cap

$129.1M

EDF

Virtus Stone Harbor Emerging Markets Income Fund

Cap

$159.3M

EVG

Eaton Vance Short Duration Diversified Income Fund

Cap

$143.7M

Latest News

News Tab

No recent news available.

Frequently Asked Questions About SMDMX

What does Fidelity Maryland Municipal Income Fund do?: Fidelity Maryland Municipal Income Fund (SMDMX) 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 SMDMX's market cap?: Fidelity Maryland Municipal Income Fund (SMDMX) has a market capitalization of approximately $164.2 million, as of July 23, 2026, based on the most recent share price and shares outstanding.
Does SMDMX pay a dividend?: Yes — Fidelity Maryland Municipal Income Fund (SMDMX) pays a dividend monthly, with a trailing-twelve-month yield of 2.59%. Full distribution history, payout ratios, and growth rates are on the Dividend tab.