Mainstay Definedterm Municipal Opptys Fd (MMD) to Issue $0.09 Monthly Dividend

Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Shareholders of record on Wednesday, November 15th will be given a dividend of 0.09 per share by the closed-end fund on Thursday, November 30th. This represents a $1.08 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date is Tuesday, November 14th.

Mainstay Definedterm Municipal Opptys Fd has decreased its dividend payment by an average of 9.0% annually over the last three years.

Shares of Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD) traded down 0.30% on Wednesday, reaching $19.98. The company’s stock had a trading volume of 31,468 shares. Mainstay Definedterm Municipal Opptys Fd has a 12-month low of $17.96 and a 12-month high of $20.42. The firm has a 50 day moving average price of $20.12 and a 200-day moving average price of $19.81.

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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).

Dividend History for Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD)

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