Mainstay Definedterm Municipal Opptys Fd Plans Monthly Dividend of $0.09 (MMD)
Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Shareholders of record on Friday, December 15th will be paid a dividend of 0.09 per share by the closed-end fund on Friday, December 29th. This represents a $1.08 annualized dividend and a yield of 5.39%. The ex-dividend date is Thursday, December 14th.
Mainstay Definedterm Municipal Opptys Fd has decreased its dividend by an average of 9.0% per year over the last three years.
Mainstay Definedterm Municipal Opptys Fd (NYSE MMD) traded down 0.10% during trading on Tuesday, hitting $20.04. The company’s stock had a trading volume of 31,285 shares. The firm has a 50 day moving average of $20.12 and a 200 day moving average of $19.80. Mainstay Definedterm Municipal Opptys Fd has a 12 month low of $17.96 and a 12 month high of $20.42.
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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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