Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD) announced a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Shareholders of record on Thursday, February 15th will be given a dividend of 0.09 per share by the closed-end fund on Wednesday, February 28th. This represents a $1.08 annualized dividend and a yield of 5.43%. The ex-dividend date is Wednesday, February 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 up $0.07 on Wednesday, reaching $19.89. 53,557 shares of the company’s stock traded hands, compared to its average volume of 62,200. Mainstay Definedterm Municipal Opptys Fd has a 12-month low of $18.44 and a 12-month high of $20.49.
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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