Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD) announced a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, January 16th will be paid a dividend of 0.09 per share by the closed-end fund on Wednesday, January 31st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date of this dividend is Friday, January 12th.
Mainstay Definedterm Municipal Opptys Fd has decreased its dividend payment by an average of 11.3% annually over the last three years.
Shares of Mainstay Definedterm Municipal Opptys Fd (NYSE MMD) opened at $19.90 on Thursday. Mainstay Definedterm Municipal Opptys Fd has a one year low of $18.44 and a one year high of $20.49.
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Mainstay Definedterm Municipal Opptys Fd Company Profile
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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