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

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) announced a monthly dividend on Friday, May 2nd, Wall Street Journal reports. Shareholders of record on Thursday, May 15th will be paid a dividend of 0.06 per share by the closed-end fund on Monday, June 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date of this dividend is Thursday, May 15th.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Stock Performance

MainStay MacKay DefinedTerm Municipal Opportunities Fund stock opened at $14.81 on Tuesday. The company has a 50-day simple moving average of $14.76 and a 200-day simple moving average of $15.30. MainStay MacKay DefinedTerm Municipal Opportunities Fund has a one year low of $14.00 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.