MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD – Get Free Report) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.06 per share by the closed-end fund on Friday, January 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date is Wednesday, January 15th.
MainStay MacKay DefinedTerm Municipal Opportunities Fund Stock Performance
Shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund stock opened at $15.17 on Friday. The business has a 50 day moving average of $15.84 and a 200 day moving average of $16.40. MainStay MacKay DefinedTerm Municipal Opportunities Fund has a 52 week low of $14.53 and a 52 week high of $17.00.
Insiders Place Their Bets
In other news, Portfolio Manager John J. Lawlor bought 2,500 shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund stock in a transaction on Wednesday, November 20th. The shares were purchased at an average price of $15.79 per share, for a total transaction of $39,475.00. Following the acquisition, the portfolio manager now owns 2,500 shares of the company’s stock, valued at approximately $39,475. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
MainStay MacKay DefinedTerm Municipal Opportunities Fund 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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