MainStay MacKay DefinedTerm Municipal Opportunities Fund Dividend
Dividend criteria checks 2/6
MainStay MacKay DefinedTerm Municipal Opportunities Fund is a dividend paying company with a current yield of 4.48%. Next payment date is on 31st May, 2024 with an ex-dividend date of 15th May, 2024.
Key information
4.5%
Dividend yield
127%
Payout ratio
| Industry average yield | 2.4% |
| Next dividend pay date | 31 May 24 |
| Ex dividend date | 15 May 24 |
| Dividend per share | n/a |
| Earnings per share | US$0.70 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
MMD: A Solid Muni Fund That Is Worth Putting On A Watchlist
Oct 03MainStay DefinedTerm Municipal Opportunities Fund declares $0.085 dividend
Jan 03MainStay DefinedTerm Municipal Opportunities Fund declares $0.085 dividend
Oct 03MainStay DefinedTerm Municipal Opportunities Fund declares $0.085 dividend
Jul 01MMD: Strong Muni Performer To Lock In Higher Yields
Apr 27MainStay DefinedTerm Municipal Opportunities Fund declares $0.085 dividend
Jan 04MainStay DefinedTerm Municipal Opportunities Fund declares $0.085 dividend
Nov 02Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: MMD's dividend payments have been volatile in the past 10 years.
Growing Dividend: MMD's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| MainStay MacKay DefinedTerm Municipal Opportunities Fund Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (MMD) | 4.5% |
| Market Bottom 25% (US) | 1.6% |
| Market Top 25% (US) | 4.8% |
| Industry Average (Capital Markets) | 2.4% |
| Analyst forecast in 3 Years (MMD) | n/a |
Notable Dividend: MMD's dividend (4.48%) is higher than the bottom 25% of dividend payers in the US market (1.56%).
High Dividend: MMD's dividend (4.48%) is low compared to the top 25% of dividend payers in the US market (4.82%).
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (126.8%), MMD's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (14.2%), MMD's dividend payments are thoroughly covered by cash flows.