MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) To Go Ex-Dividend on May 15th

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMDGet Free Report) announced a monthly dividend on Monday, April 1st, Wall Street Journal reports. Investors of record on Thursday, May 16th will be given a dividend of 0.06 per share by the closed-end fund on Friday, May 31st. This represents a $0.72 annualized dividend and a yield of 4.42%. The ex-dividend date of this dividend is Wednesday, May 15th.

MainStay MacKay DefinedTerm Municipal Opportunities Fund has decreased its dividend by an average of 5.7% annually over the last three years.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Stock Performance

MMD stock opened at $16.29 on Monday. MainStay MacKay DefinedTerm Municipal Opportunities Fund has a fifty-two week low of $14.30 and a fifty-two week high of $17.53. The business has a 50 day moving average price of $16.25 and a 200 day moving average price of $16.11.

About MainStay MacKay DefinedTerm Municipal Opportunities Fund

(Get Free Report)

MainStay DefinedTerm Municipal Opportunities Fund is a closed-ended fixed income mutual fund launched and managed by New York Life Investment Management LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds which are exempt from regular U.S.

Further Reading

Dividend History for MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD)

Receive News & Ratings for MainStay MacKay DefinedTerm Municipal Opportunities Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MainStay MacKay DefinedTerm Municipal Opportunities Fund and related companies with MarketBeat.com's FREE daily email newsletter.