MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) To Go Ex-Dividend on August 15th

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) announced a — dividend on Tuesday, July 2nd, Wall Street Journal reports. Investors of record on Thursday, August 15th will be given a dividend of 0.06 per share by the closed-end fund on Friday, August 30th. This represents a yield of 4.4%. The ex-dividend date of this dividend is Thursday, August 15th.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Trading Up 0.5 %

MMD stock opened at $16.49 on Thursday. MainStay MacKay DefinedTerm Municipal Opportunities Fund has a fifty-two week low of $14.30 and a fifty-two week high of $17.19. The business’s fifty day moving average price is $16.33 and its two-hundred day moving average price is $16.34.

About MainStay MacKay DefinedTerm Municipal Opportunities Fund

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.