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

Posted by Tristan Rich on Jan 4th, 2025

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD – Get Free Report) declared a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.06 per share by the closed-end fund on Friday, January 31st. This represents a $0.72 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend is Wednesday, January 15th.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Price Performance

NYSE MMD traded up $0.06 during trading hours on Friday, reaching $15.17. The company’s stock had a trading volume of 62,067 shares, compared to its average volume of 67,234. The company’s 50-day moving average is $15.87 and its two-hundred day moving average is $16.41. MainStay MacKay DefinedTerm Municipal Opportunities Fund has a fifty-two week low of $14.53 and a fifty-two week high of $17.00.

Insider Buying and Selling at MainStay MacKay DefinedTerm Municipal Opportunities Fund

In related news, Portfolio Manager John J. Lawlor acquired 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average price of $15.79 per share, with a total value of $39,475.00. Following the completion of the purchase, the portfolio manager now directly owns 2,500 shares in the company, valued at approximately $39,475. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Company Profile

(Get Free Report)

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.