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

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) announced a monthly dividend on Thursday, October 17th,Wall Street Journal reports. Investors of record on Thursday, November 21st will be paid a dividend of 0.06 per share by the closed-end fund on Friday, November 29th. This represents a $0.72 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date is Thursday, November 21st.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Price Performance

Shares of MMD stock opened at $15.86 on Wednesday. The stock has a 50 day simple moving average of $16.72 and a 200-day simple moving average of $16.60. MainStay MacKay DefinedTerm Municipal Opportunities Fund has a 12-month low of $15.47 and a 12-month high of $17.00.

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.