MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) to Issue Monthly Dividend of $0.06 on December 1st

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) declared a monthly dividend on Wednesday, October 1st. Investors of record on Friday, November 14th will be paid a dividend of 0.06 per share by the closed-end fund on Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, November 14th.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Price Performance

MainStay MacKay DefinedTerm Municipal Opportunities Fund stock opened at $15.14 on Wednesday. MainStay MacKay DefinedTerm Municipal Opportunities Fund has a 12-month low of $14.00 and a 12-month high of $16.79. The firm has a 50 day moving average of $15.12 and a 200 day moving average of $14.80.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Company Profile

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.