MMD Ex-Dividend Reminder - 10/10/13

Looking at the universe of stocks we cover at Dividend Channel, on 10/10/13, MainStay DefinedTerm Municipal Opportunities Fund (MMD) will trade ex-dividend, for its monthly dividend of $0.096, payable on 10/31/13. As a percentage of MMD's recent stock price of $15.95, this dividend works out to approximately 0.60%, so look for shares of MainStay DefinedTerm Municipal Opportunities Fund to trade 0.60% lower — all else being equal — when MMD shares open for trading on 10/10/13.

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Below is a dividend history chart for MMD, showing historical dividends prior to the most recent $0.096 declared by MainStay DefinedTerm Municipal Opportunities Fund:

MMD+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MMD is likely to continue, and whether the current estimated yield of 7.22% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of MMD shares, versus its 200 day moving average:

MainStay DefinedTerm Municipal Opportunities Fund 200 Day Moving Average Chart

Looking at the chart above, MMD's low point in its 52 week range is $15.06 per share, with $21.42 as the 52 week high point — that compares with a last trade of $15.91.

In Tuesday trading, MainStay DefinedTerm Municipal Opportunities Fund shares are currently off about 0.4% on the day.

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