MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) Dividend History

$15.67 $-0.26

Dividend Score
Dividend Yield
5.27%
Annual Payment
$0.84
Payout Ratio
-51.56%
Dividend Increases
0 yrs

Price Chart

Key Metrics

Sector Financial Services
Industry Asset Management
Avg daily volume 62,470
Market cap 444,675,000
Beta 0.41
Trailing 12 Month EPS -0.3
Next Earnings Date
Ex-dividend date 2023-09-14
P/E ratio 0

Company Description

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. Federal income taxes. It benchmarks the performance of its portfolio against the Barclays Municipal Bond Index. MainStay DefinedTerm Municipal Opportunities Fund was formed on June 26, 2012 and is domiciled in the United States.

Peers

Dividend Payments

Forward Yield
5.27%
Forward Payment
$0.84
Trailing Yield
5.71%
Trailing Payment
$0.96
Last Increase
Oct 31,14 1.03%
Last Cut
Jul 31,23 -6.67%
5 Year Average Yield
5.34%
% Above Current Yield
1.24%
5 Year Div Growth Rate
-1.64%
Payment Frequency
Monthly

Historical Dividend Payments