MainStay MacKay DefinedTerm Municipal Opportunities Fund Announces Monthly Dividend of $0.06 (NYSE:MMD)

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMDGet Free Report) declared a monthly dividend on Monday, July 1st, NASDAQ reports. Shareholders of record on Monday, July 15th will be paid a dividend of 0.06 per share by the closed-end fund on Wednesday, July 31st. This represents a $0.72 annualized dividend and a dividend yield of 4.30%. The ex-dividend date is Monday, July 15th.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Price Performance

NYSE:MMD opened at $16.74 on Friday. The stock’s 50 day simple moving average is $16.39 and its 200-day simple moving average is $16.36. MainStay MacKay DefinedTerm Municipal Opportunities Fund has a 12-month low of $14.30 and a 12-month high of $17.19.

About MainStay MacKay DefinedTerm Municipal Opportunities Fund

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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)

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