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

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) declared a monthly dividend on Tuesday, October 1st, Zacks reports. Stockholders of record on Tuesday, October 15th will be given a dividend of 0.06 per share by the closed-end fund on Thursday, October 31st. This represents a $0.72 annualized dividend and a dividend yield of 4.30%. The ex-dividend date is Tuesday, October 15th.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Stock Performance

Shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund stock opened at $16.74 on Friday. The stock’s 50-day moving average is $16.79 and its 200 day moving average is $16.51. MainStay MacKay DefinedTerm Municipal Opportunities Fund has a one year low of $14.30 and a one year high of $17.00.

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.