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

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) announced a monthly dividend on Wednesday, July 3rd, Wall Street Journal reports. Shareholders of record on Monday, September 16th will be given a dividend of 0.06 per share by the closed-end fund on Monday, September 30th. This represents a $0.72 annualized dividend and a yield of 4.37%. The ex-dividend date is Monday, September 16th.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Stock Up 0.5 %

NYSE MMD opened at $16.49 on Thursday. MainStay MacKay DefinedTerm Municipal Opportunities Fund has a 52 week low of $14.30 and a 52 week high of $17.19. The firm’s 50-day simple moving average is $16.33 and its two-hundred day simple moving average is $16.34.

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.