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

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) announced a monthly dividend on Monday, July 1st, NASDAQ reports. Stockholders 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 4.40%. The ex-dividend date is Monday, July 15th.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Trading Down 1.2 %

Shares of NYSE:MMD opened at $16.38 on Tuesday. The business’s 50-day simple moving average is $16.31 and its 200 day simple moving average is $16.34. MainStay MacKay DefinedTerm Municipal Opportunities Fund has a one year low of $14.30 and a one year high of $17.26.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Company Profile

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.