MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) to Issue Monthly Dividend of $0.06

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) declared a monthly dividend on Wednesday, July 3rd, Wall Street Journal reports. Investors of record on Monday, September 16th will be paid 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 Trading Up 0.5 %

Shares of MMD stock opened at $16.49 on Thursday. The stock has a 50 day moving average of $16.33 and a 200 day moving average of $16.34. MainStay MacKay DefinedTerm Municipal Opportunities Fund has a twelve month low of $14.30 and a twelve month high of $17.19.

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.