MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) Shares Will Pay Monthly Dividend of $0.07

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Monday, November 16th will be paid a dividend of $0.0675 per share by the closed-end fund on Tuesday, December 1st. This represents a $0.81 annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Monday, November 16th.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Stock Performance

MMD stock opened at $13.77 on Friday. The business has a 50 day simple moving average of $14.64 and a 200-day simple moving average of $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.