MainStay DefinedTerm Municipal Opportunities Fund About To Put More Money In Your Pocket (MMD)

Looking at the universe of stocks we cover at Dividend Channel, on 8/13/14, MainStay DefinedTerm Municipal Opportunities Fund (MMD) will trade ex-dividend, for its monthly dividend of $0.097, payable on 8/29/14. As a percentage of MMD's recent stock price of $17.64, this dividend works out to approximately 0.55%, so look for shares of MainStay DefinedTerm Municipal Opportunities Fund to trade 0.55% lower — all else being equal — when MMD shares open for trading on 8/13/14.

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Below is a dividend history chart for MMD, showing historical dividends prior to the most recent $0.097 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 6.60% 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 $14.93 per share, with $18.25 as the 52 week high point — that compares with a last trade of $17.60.

According to the ETF Finder at ETF Channel, MMD makes up 1.04% of the CEF Municipal Income ETF ( XMPT) which is trading lower by about 0.2% on the day Monday.

In Monday trading, MainStay DefinedTerm Municipal Opportunities Fund shares are currently down about 0.1% on the day.

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