MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) Shareholders to Collect $0.07 Monthly Dividend

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) announced a monthly dividend on Thursday, October 1st. Investors of record on Tuesday, December 15th will be given a dividend of $0.0675 per share by the closed-end fund on Monday, January 4th. This represents a $0.81 annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Tuesday, December 15th.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Price Performance

MMD traded up $0.18 during mid-day trading on Friday, hitting $13.78. 9,703 shares of the stock were exchanged, compared to its average volume of 62,267. The firm’s fifty day moving average is $14.64 and its two-hundred day moving average is $14.99. MainStay MacKay DefinedTerm Municipal Opportunities Fund has a 1-year low of $13.24 and a 1-year high of $15.82.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Company Profile

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE: MMD) is a closed-end investment fund that seeks to provide a high level of current income that is exempt from regular U.S. federal income tax. The fund invests primarily in municipal securities issued by states, cities, counties, and other public entities across the United States.

The fund may invest in a broad range of municipal bonds, including general obligation and revenue bonds, and may hold securities with different maturities and credit ratings.