MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD – Get Free Report) announced a monthly dividend on Thursday, October 1st. Investors of record on Monday, November 16th will be given 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 yield of 5.9%. The ex-dividend date is Monday, November 16th.
MainStay MacKay DefinedTerm Municipal Opportunities Fund Stock Performance
NYSE MMD traded up $0.20 during trading on Friday, reaching $13.79. The company’s stock had a trading volume of 8,166 shares, compared to its average volume of 62,272. The firm has a 50 day moving average price of $14.64 and a 200 day moving average price of $14.99. MainStay MacKay DefinedTerm Municipal Opportunities Fund has a 12 month low of $13.24 and a 12 month 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.
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