MainStay MacKay DefinedTerm Municipal Opportunities Fund Announces — Dividend of $0.06 (NYSE:MMD)

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) declared a — dividend on Tuesday, July 2nd, Wall Street Journal reports. Stockholders 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 dividend yield of 4.4%. The ex-dividend date is Thursday, August 15th.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Stock Up 0.5 %

Shares of NYSE:MMD opened at $16.49 on Thursday. MainStay MacKay DefinedTerm Municipal Opportunities Fund has a 1 year low of $14.30 and a 1 year high of $17.19. The stock’s fifty day moving average price is $16.33 and its 200-day moving average price 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.