MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) to Issue Monthly Dividend of $0.06 on January 2nd

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) announced a monthly dividend on Wednesday, October 1st. Shareholders of record on Monday, December 15th will be given a dividend of 0.06 per share by the closed-end fund on Friday, January 2nd. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Monday, December 15th.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Stock Performance

MainStay MacKay DefinedTerm Municipal Opportunities Fund stock opened at $14.93 on Friday. The business has a 50 day simple moving average of $15.03 and a 200-day simple moving average of $14.84. MainStay MacKay DefinedTerm Municipal Opportunities Fund has a 12 month low of $14.00 and a 12 month high of $15.86.

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.