Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD) announced a monthly dividend on Wednesday, July 5th, Wall Street Journal reports. Investors of record on Tuesday, August 15th will be given a dividend of 0.09 per share by the closed-end fund on Thursday, August 31st. This represents a $1.08 annualized dividend and a yield of 5.38%. The ex-dividend date of this dividend is Friday, August 11th.
Mainstay Definedterm Municipal Opptys Fd has decreased its dividend by an average of 9.0% per year over the last three years.
Shares of Mainstay Definedterm Municipal Opptys Fd (MMD) opened at 20.08 on Thursday. Mainstay Definedterm Municipal Opptys Fd has a 52-week low of $17.96 and a 52-week high of $20.83. The company has a 50-day moving average of $19.94 and a 200 day moving average of $19.48.
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About Mainstay Definedterm Municipal Opptys Fd
Mainstay Definedterm Municipal Opportunities Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from regular the United States Federal income taxes (but which may be includable in taxable income for purpose of the Federal alternative minimum tax).
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