Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD) announced a monthly dividend on Monday, July 1st, NASDAQ reports. Investors of record on Monday, September 16th will be given a dividend of 0.085 per share by the closed-end fund on Monday, September 30th. This represents a $1.02 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date of this dividend is Friday, September 13th.
Mainstay Definedterm Municipal Opptys Fd has decreased its dividend payment by an average of 3.7% per year over the last three years.
MMD stock traded up $0.01 during trading on Wednesday, reaching $21.00. The stock had a trading volume of 200 shares, compared to its average volume of 48,842. The stock’s 50 day moving average is $20.87 and its two-hundred day moving average is $20.50. Mainstay Definedterm Municipal Opptys Fd has a 52 week low of $19.02 and a 52 week high of $21.38.
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.
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