MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) To Go Ex-Dividend on October 15th

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) announced a monthly dividend on Tuesday, October 1st, Zacks reports. Investors 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 4.26%. The ex-dividend date of this dividend is Tuesday, October 15th.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Stock Performance

MMD stock opened at $16.89 on Thursday. MainStay MacKay DefinedTerm Municipal Opportunities Fund has a 1-year low of $14.30 and a 1-year high of $17.00. The business has a 50 day simple moving average of $16.78 and a two-hundred day simple moving average of $16.49.

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.