MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) To Go Ex-Dividend on February 14th

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) announced a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Investors of record on Friday, February 14th will be given a dividend of 0.06 per share by the closed-end fund on Friday, February 28th. This represents a $0.72 annualized dividend and a yield of 4.64%. The ex-dividend date is Friday, February 14th.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Price Performance

NYSE:MMD opened at $15.51 on Wednesday. The company’s 50 day moving average is $15.26 and its 200-day moving average is $16.17. MainStay MacKay DefinedTerm Municipal Opportunities Fund has a 12 month low of $14.53 and a 12 month high of $17.00.

Insider Buying and Selling

In other MainStay MacKay DefinedTerm Municipal Opportunities Fund news, Portfolio Manager John J. Lawlor purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was bought at an average cost of $14.74 per share, for a total transaction of $29,480.00. Following the completion of the acquisition, the portfolio manager now directly owns 4,500 shares in the company, valued at $66,330. This represents a 80.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Portfolio Manager David Dowden acquired 3,300 shares of the stock in a transaction dated Friday, January 17th. The stock was bought at an average price of $14.92 per share, for a total transaction of $49,236.00. Following the purchase, the portfolio manager now owns 3,300 shares of the company’s stock, valued at $49,236. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have bought 7,800 shares of company stock worth $118,191 in the last quarter.

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.