MMD is MainStay MacKay DefinedTerm Mun (Financial Services). Trading at $14.78. Current dividend yield: 5.15%.
Dividend snapshot
| Annual dividend rate | $0.77 |
| Current yield | 5.15% |
| Payment frequency | Monthly |
| Next ex-dividend date | Sep 15, 2026(in 12 days) |
| Most recent payment date | Aug 14, 2026 |
| Last payment amount | $0.0675 |
| 5-year dividend CAGR | -6.73% |
| 3-year dividend CAGR | -10.96% |
| Payout ratio | 55% |
| Market cap | $278M |
| Exchange | NYQ |
Recent dividend payments
| Date | Amount / share |
|---|---|
| 2026-09-15 | $0.0675 |
| 2026-08-14 | $0.0675 |
| 2026-07-15 | $0.0675 |
| 2026-06-15 | $0.0675 |
| 2026-05-15 | $0.0675 |
| 2026-04-15 | $0.0675 |
| 2026-03-16 | $0.0650 |
| 2026-02-13 | $0.0650 |
About MMD
NYLI MacKay DefinedTerm Muni Opportunities Fund is a diversified closed-end management investment company. The Fund's primary investment objective is to seek current income exempt from regular U.S. Federal income taxes (but which may be includable in taxable income for the purpose of the Federal alternative minimum tax). Total return is a secondary objective. Under normal market conditions, the majority of its managed assets are invested in municipal bonds, the interest on which is, in the opinion of bond counsel to the issuers, generally excludable from gross income for regular U.S. Federal income tax purposes.
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Frequently asked
What is MMD's dividend yield?
MMD (MainStay MacKay DefinedTerm Mun) currently has a dividend yield of 5.15%, which works out to about $0.77 in annual dividend payments per share.
When is MMD's next ex-dividend date?
MMD's next ex-dividend date is Sep 15, 2026 (in 12 days). To receive the upcoming dividend, you must own shares before this date.
When did MMD last pay a dividend?
MMD's most recent dividend payment date was Aug 14, 2026.
How often does MMD pay dividends?
MMD pays dividends on a monthly schedule.
How fast is MMD growing its dividend?
MMD has been shrinking its dividend at a -10.96% 3-year compound annual growth rate (CAGR). CAGR smooths year-to-year noise into a single average growth rate.
Track MMD in DiviDrip
Add MMD to your portfolio on DiviDrip to track every buy, DRIP reinvestment, and dividend payment in one place. Free, no credit card, no upsell — built by dividend investors, for dividend investors.
- Open DiviDrip — search MMD and add your shares.
- View the MMD Dividend Triangle — see Revenue × EPS × Dividend growth at a glance.
- Stock Screener — find more dividend payers like MMD.
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Data refreshed 2026-09-03. Not investment advice. Yields and prices change continuously; always verify the latest numbers in the live app before buying.