Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Investors of record on Friday, December 15th will be paid a dividend of 0.09 per share by the closed-end fund on Friday, December 29th. This represents a $1.08 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date of this dividend is Thursday, December 14th.

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

Mainstay Definedterm Municipal Opptys Fd (NYSE MMD) traded down 0.30% during midday trading on Wednesday, reaching $19.98. The company’s stock had a trading volume of 31,468 shares. Mainstay Definedterm Municipal Opptys Fd has a 52-week low of $17.96 and a 52-week high of $20.42. The firm has a 50 day moving average of $20.12 and a 200 day moving average 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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