Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD) declared a monthly dividend on Monday, July 1st, NASDAQ reports. Stockholders of record on Monday, September 16th will be given a dividend of 0.085 per share by the closed-end fund on Monday, September 30th. This represents a $1.02 annualized dividend and a dividend yield of 4.86%. The ex-dividend date is Friday, September 13th.
Mainstay Definedterm Municipal Opptys Fd has decreased its dividend payment by an average of 3.7% per year over the last three years.
Shares of Mainstay Definedterm Municipal Opptys Fd stock traded up $0.01 on Wednesday, hitting $21.00. 100 shares of the company’s stock traded hands, compared to its average volume of 48,842. Mainstay Definedterm Municipal Opptys Fd has a one year low of $19.02 and a one year high of $21.38. The company has a fifty day moving average of $20.87 and a two-hundred day moving average of $20.50.
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.
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