MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) announced a monthly dividend on Wednesday, April 7th, Wall Street Journal reports. Shareholders of record on Tuesday, June 15th will be paid a dividend of 0.085 per share by the closed-end fund on Wednesday, June 30th. This represents a $1.02 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date is Monday, June 14th.
Shares of MMD opened at $22.35 on Thursday. MainStay MacKay DefinedTerm Municipal Opportunities Fund has a fifty-two week low of $18.45 and a fifty-two week high of $22.59. The firm’s 50-day simple moving average is $21.65 and its two-hundred day simple moving average is $21.48.
In other MainStay MacKay DefinedTerm Municipal Opportunities Fund news, Director Yie-Hsin Hung acquired 11,600 shares of the business’s stock in a transaction on Friday, March 19th. The shares were acquired at an average price of $21.30 per share, for a total transaction of $247,080.00. Following the completion of the acquisition, the director now owns 11,600 shares in the company, valued at $247,080. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.
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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