Mainstay Definedterm Municipal Opptys Fd (MMD) to Issue $0.09 Monthly Dividend
Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Shareholders of record on Monday, October 16th will be given a dividend of 0.09 per share by the closed-end fund on Tuesday, October 31st. This represents a $1.08 annualized dividend and a dividend yield of 5.39%. The ex-dividend date is Friday, October 13th.
Mainstay Definedterm Municipal Opptys Fd has decreased its dividend payment by an average of 9.0% per year over the last three years.
Shares of Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD) traded down 0.10% during midday trading on Tuesday, hitting $20.04. The stock had a trading volume of 31,285 shares. Mainstay Definedterm Municipal Opptys Fd has a 52 week low of $17.96 and a 52 week high of $20.42. The stock has a 50-day moving average of $20.12 and a 200 day moving average of $19.80.
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Mainstay Definedterm Municipal Opptys Fd Company Profile
Mainstay Definedterm Municipal Opportunities Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from regular the United States Federal income taxes (but which may be includable in taxable income for purpose of the Federal alternative minimum tax).
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