Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD) declared a monthly dividend on Tuesday, April 2nd, Wall Street Journal reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.085 per share by the closed-end fund on Friday, May 31st. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date of this dividend is Tuesday, May 14th.
Mainstay Definedterm Municipal Opptys Fd has decreased its dividend by an average of 3.7% per year over the last three years.
NYSE MMD opened at $20.33 on Monday. Mainstay Definedterm Municipal Opptys Fd has a 52-week low of $18.95 and a 52-week high of $20.68.
Mainstay Definedterm Municipal Opptys Fd 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.
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