MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD – Get Free Report) announced a monthly dividend on Wednesday, July 1st. Investors of record on Friday, August 14th will be paid a dividend of 0.0675 per share by the closed-end fund on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Friday, August 14th.
MainStay MacKay DefinedTerm Municipal Opportunities Fund Stock Down 0.1%
MMD stock traded down $0.01 during midday trading on Wednesday, hitting $15.49. The stock had a trading volume of 68,457 shares, compared to its average volume of 59,782. The company’s 50-day moving average price is $15.23 and its 200 day moving average price is $15.20. MainStay MacKay DefinedTerm Municipal Opportunities Fund has a 12-month low of $14.39 and a 12-month high of $15.82.
About MainStay MacKay DefinedTerm Municipal Opportunities Fund
The MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE: MMD) is a closed-end, diversified management investment company that seeks to provide a high level of tax-exempt income. The fund primarily invests in investment-grade municipal securities, including general obligation bonds, revenue bonds and other state and local government obligations. By focusing on tax-exempt instruments, MMD aims to enhance after-tax yields for its shareholders, making it an option for investors in higher tax brackets who seek municipal bond exposure through a publicly traded vehicle.
As a defined-term fund, MMD was structured with a predetermined termination date at which point the portfolio is expected to be liquidated and proceeds returned to investors.
Featured Articles
- Five stocks we like better than MainStay MacKay DefinedTerm Municipal Opportunities Fund
- AirJoule Unveils Prime System, Clearing Path to Commercialization
- Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
- Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
- Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case
Receive News & Ratings for MainStay MacKay DefinedTerm Municipal Opportunities Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MainStay MacKay DefinedTerm Municipal Opportunities Fund and related companies with MarketBeat.com's FREE daily email newsletter.
