Looking at the universe of stocks we cover at Dividend Channel, on 12/17/14, MainStay DefinedTerm Municipal Opportunities Fund ( MMD) will trade ex-dividend, for its monthly dividend of $0.098, payable on 12/31/14. As a percentage of MMD's recent stock price of $18.10, this dividend works out to approximately 0.54%, so look for shares of MainStay DefinedTerm Municipal Opportunities Fund to trade 0.54% lower — all else being equal — when MMD shares open for trading on 12/17/14.Below is a dividend history chart for MMD, showing historical dividends prior to the most recent $0.098 declared by MainStay DefinedTerm Municipal Opportunities Fund: 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 6.50% 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: Looking at the chart above, MMD's low point in its 52 week range is $14.93 per share, with $18.69 as the 52 week high point — that compares with a last trade of $18.10. According to the ETF Finder at ETF Channel, MMD makes up 1.24% of the CEF Municipal Income ETF ( XMPT) which is trading lower by about 2% on the day Monday. In Monday trading, MainStay DefinedTerm Municipal Opportunities Fund shares are currently up about 0.5% on the day.