MMD NYLI MacKay DefinedTerm Muni Opportunities Fund Shs of Beneficial Interest — distribution yield, history & ex-dividend dates
$14.52
▲
$0.04(0.28%)
as of Sep 13, 2026 06:20 UTC
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The MainStay DefinedTerm Municipal Opportunities Fund operates as a specialized closed-end investment vehicle, concentrating on fixed income securities. It is established and overseen by New York Life Investment Management LLC, with MacKay Shields LLC sharing co-management responsibilities. The fund primarily directs its capital toward U.S. debt markets, specifically focusing on high-quality municipal bonds that offer exemption from ordinary U.S. federal income taxation. Its performance is gauged against the Barclays Municipal Bond Index. This fund was initiated on June 26, 2012, and is domiciled within the United States.
Distribution Snapshot
StatusReduced
Latest Distribution$0.0675
Forward Annual$0.81
FrequencyMonthly
Last Ex-DateSep 15, 2026
Next Ex-DateSep 15, 2026
Next Pay DateOct 01, 2026
1-Yr Growth0.0%
10-Yr Growth-4.8%
Key Metrics
Distribution Yield
5.58%
The annual dividend as a percentage of the share price. A 3% yield is about $3 of dividends a year for every $100 invested at today's price.Annualized Distribution
$0.8100
The most recent payment scaled to a full year by how often it's paid. A $0.25 quarterly dividend annualizes to $1.00.Frequency
M Monthly
How often the dividend is paid: Q = quarterly (4x a year), M = monthly, S = semi-annual, A = annual.Rank Score
65.5
Our 0-100 house score blending yield, payout safety, growth and momentum. Higher means a stronger profile on those factors in our model — a research score, not advice or a recommendation to buy.RSI (14)
30
Relative Strength Index (0-100), a price-momentum gauge. Above 70 is often called 'overbought', below 30 'oversold'. A technical signal, not a dividend metric.52-Week Range
$14.48 – $15.75
The lowest and highest price over the past year — shows where today's price sits in its recent range.Payout Ratio
n/a
The share of GAAP earnings paid out as dividends. Lower leaves more cushion; above 100% means paying out more than the company earns. It shows n/a for BDCs, REITs and funds, which pay out of cash flow / net investment income rather than GAAP earnings, so this ratio doesn't apply.Years Paying
14
How many years of payments we have on record. This can understate very long histories where our data doesn't reach far enough back.Price / Book
0.93
Price-to-book ratio: share price divided by book value per share. A rough valuation gauge, most useful for asset-heavy sectors like REITs, banks and insurers.S.A.F.E. Dividend Read
S
Solid
Below the Solid check (model rank 70+ and yield 2%+): rank 66/100, yield 5.58%.
A
Accelerating
Dividend growth has stalled — 0 consecutive annual increase(s), under the 3 this check looks for.
F
Flawless
No dividend cut in the available payment record.
E
Enduring
14 year(s) of payments on record, under the 20 this check looks for.
Quote & Key Data
ExchangeNYSEThe stock exchange where the shares trade, such as NYSE or Nasdaq.
Volume51,008How many shares changed hands in the latest session — a rough read on trading activity.
Open$14.45The price at the start of the latest trading session.
Day Range$14.43 – $14.59The lowest and highest price during the latest trading session.
Prev Close$14.48The closing price from the previous trading session.
Market Cap$285.82MThe company's total market value: share price times shares outstanding.
Shares Out19.68MThe total number of shares the company has issued.
EPSn/aEarnings per share — profit divided by shares outstanding. Dividends are paid out of these earnings.
P/En/aPrice-to-earnings ratio: share price divided by earnings per share. A rough gauge of how richly the stock is valued.
Ex-DistributionSep 15, 2026Buy before this date to receive the upcoming payment. Buy on or after it and the seller keeps that one.
Pay DateOct 01, 2026The date the dividend is actually paid into shareholders' accounts.
Distribution Growth
3-Yr Growth (CAGR)-11.0%The dividend's average annual growth rate over the period, compounded. Steady growth signals a healthy, rising payout.
5-Yr Growth (CAGR)-6.7%The dividend's average annual growth rate over the period, compounded. Steady growth signals a healthy, rising payout.
Consecutive Increases0 yrsThe number of years in a row the dividend has increased — a track record of reliability.
Why the Yield Moved (90 Days)
MMD's distribution yield rose from 5.26% to 5.58% over the past ~90 days (+0.32 pp). Of that move, +0.00 pp came from changes in the distribution rate and +0.32 pp from the share price ($15.39 → $14.52). A yield that rises because the price fell is not an improvement in the payout itself.
Yield vs Its Own History
Current5.58%
1-Yr Average5.10%
Low / High4.66% – 5.59%
Percentile99%
Across 304 daily observations over the past 14 months, MMD's current yield is higher than approximately 99% of them. Our stored price history for MMD covers the past 14 months; 3- and 5-year averages are not yet computable from it and are deliberately not shown.
Adjusted Price History
Distribution History
Distribution Payment History
Ex-dividend calendar →| Amount | Type | Declared | Ex-Date | Record | Pay |
|---|---|---|---|---|---|
| $0.0675 M | Regular | Jul 01, 2026 | Sep 15, 2026 | Sep 15, 2026 | Oct 01, 2026 |
| $0.0675 M | Regular | Jul 01, 2026 | Aug 14, 2026 | Aug 14, 2026 | Sep 01, 2026 |
| $0.0675 M | Regular | Jul 01, 2026 | Jul 15, 2026 | Jul 15, 2026 | Aug 03, 2026 |
| $0.0675 M | Regular | Apr 01, 2026 | Jun 15, 2026 | Jun 15, 2026 | Jul 01, 2026 |
| $0.0675 M | Regular | Apr 01, 2026 | May 15, 2026 | May 15, 2026 | Jun 01, 2026 |
| $0.0675 M | Regular | Apr 01, 2026 | Apr 15, 2026 | Apr 15, 2026 | May 01, 2026 |
| $0.0650 M | Regular | Jan 02, 2026 | Mar 16, 2026 | Mar 16, 2026 | Apr 01, 2026 |
| $0.0650 M | Regular | Jan 02, 2026 | Feb 13, 2026 | Feb 13, 2026 | Mar 02, 2026 |
| $0.0650 M | Regular | Jan 02, 2026 | Jan 15, 2026 | Jan 15, 2026 | Feb 02, 2026 |
| $0.0600 M | Regular | Oct 01, 2025 | Dec 15, 2025 | Dec 15, 2025 | Jan 02, 2026 |
| $0.0600 M | Regular | Oct 01, 2025 | Nov 14, 2025 | Nov 14, 2025 | Dec 01, 2025 |
| $0.0600 M | Regular | Oct 01, 2025 | Oct 15, 2025 | Oct 15, 2025 | Nov 03, 2025 |
| $0.0600 M | Regular | Jul 01, 2025 | Sep 15, 2025 | Sep 15, 2025 | Oct 01, 2025 |
| $0.0600 M | Regular | Jul 01, 2025 | Aug 15, 2025 | Aug 15, 2025 | Sep 02, 2025 |
| $0.0600 M | Regular | Jul 01, 2025 | Jul 15, 2025 | Jul 15, 2025 | Aug 01, 2025 |
| $0.0600 M | Regular | Jun 02, 2025 | Jun 16, 2025 | Jun 16, 2025 | Jul 01, 2025 |
| $0.0600 M | Regular | May 01, 2025 | May 15, 2025 | May 15, 2025 | Jun 02, 2025 |
| $0.0600 M | Regular | Apr 01, 2025 | Apr 15, 2025 | Apr 15, 2025 | May 01, 2025 |
| $0.0600 M | Regular | Mar 03, 2025 | Mar 14, 2025 | Mar 14, 2025 | Mar 31, 2025 |
| $0.0600 M | Regular | Feb 03, 2025 | Feb 14, 2025 | Feb 14, 2025 | Feb 28, 2025 |
| $0.0600 M | Regular | Jan 02, 2025 | Jan 15, 2025 | Jan 15, 2025 | Jan 31, 2025 |
| $0.0600 M | Regular | Oct 17, 2024 | Dec 16, 2024 | Dec 16, 2024 | Dec 31, 2024 |
| $0.0600 M | Regular | Oct 17, 2024 | Nov 21, 2024 | Nov 21, 2024 | Nov 29, 2024 |
| $0.0600 M | Regular | Oct 01, 2024 | Oct 15, 2024 | Oct 15, 2024 | Oct 31, 2024 |
| $0.0600 M | Regular | Jul 01, 2024 | Sep 16, 2024 | Sep 16, 2024 | Sep 30, 2024 |
| $0.0600 M | Regular | Jul 01, 2024 | Aug 15, 2024 | Aug 15, 2024 | Aug 30, 2024 |
| $0.0600 M | Regular | Jul 01, 2024 | Jul 15, 2024 | Jul 15, 2024 | Jul 31, 2024 |
| $0.0600 M | Regular | Apr 01, 2024 | Jun 14, 2024 | Jun 14, 2024 | Jun 28, 2024 |
| $0.0600 M | Regular | Apr 01, 2024 | May 15, 2024 | May 16, 2024 | May 31, 2024 |
| $0.0600 M | Regular | Apr 01, 2024 | Apr 15, 2024 | Apr 16, 2024 | Apr 30, 2024 |
| $0.0600 M | Regular | Jan 02, 2024 | Mar 14, 2024 | Mar 15, 2024 | Mar 28, 2024 |
| $0.0600 M | Regular | Jan 02, 2024 | Feb 15, 2024 | Feb 16, 2024 | Feb 29, 2024 |
| $0.0600 M | Regular | Jan 02, 2024 | Jan 12, 2024 | Jan 16, 2024 | Jan 31, 2024 |
| $0.0600 M | Regular | Oct 02, 2023 | Dec 14, 2023 | Dec 15, 2023 | Dec 29, 2023 |
| $0.0600 M | Regular | Oct 02, 2023 | Nov 14, 2023 | Nov 15, 2023 | Nov 30, 2023 |
| $0.0600 M | Regular | Oct 02, 2023 | Oct 13, 2023 | Oct 16, 2023 | Oct 31, 2023 |
| $0.0700 M | Regular | Jul 03, 2023 | Sep 14, 2023 | Sep 15, 2023 | Sep 29, 2023 |
| $0.0700 M | Regular | Jul 03, 2023 | Aug 14, 2023 | Aug 15, 2023 | Aug 31, 2023 |
| $0.0700 M | Regular | Jul 03, 2023 | Jul 13, 2023 | Jul 14, 2023 | Jul 31, 2023 |
| $0.0750 M | Regular | Apr 03, 2023 | Jun 14, 2023 | Jun 15, 2023 | Jun 30, 2023 |
| $0.0750 M | Regular | Apr 03, 2023 | May 12, 2023 | May 15, 2023 | May 31, 2023 |
| $0.0750 M | Regular | Apr 03, 2023 | Apr 13, 2023 | Apr 14, 2023 | Apr 28, 2023 |
| $0.0800 M | Regular | Jan 03, 2023 | Mar 14, 2023 | Mar 15, 2023 | Mar 31, 2023 |
| $0.0800 M | Regular | Jan 03, 2023 | Feb 14, 2023 | Feb 15, 2023 | Feb 28, 2023 |
| $0.0800 M | Regular | Jan 03, 2023 | Jan 13, 2023 | Jan 17, 2023 | Jan 31, 2023 |
| $0.0850 M | Regular | Oct 03, 2022 | Dec 14, 2022 | Dec 15, 2022 | Dec 30, 2022 |
| $0.0850 M | Regular | Oct 03, 2022 | Nov 14, 2022 | Nov 15, 2022 | Nov 30, 2022 |
| $0.0850 M | Regular | Oct 03, 2022 | Oct 13, 2022 | Oct 14, 2022 | Oct 31, 2022 |
| $0.0850 M | Regular | Jul 01, 2022 | Sep 14, 2022 | Sep 15, 2022 | Sep 30, 2022 |
| $0.0850 M | Regular | Jul 01, 2022 | Aug 12, 2022 | Aug 15, 2022 | Aug 31, 2022 |
| $0.0850 M | Regular | Jul 01, 2022 | Jul 14, 2022 | Jul 15, 2022 | Jul 29, 2022 |
| $0.0850 M | Regular | Apr 01, 2022 | Jun 14, 2022 | Jun 15, 2022 | Jun 30, 2022 |
| $0.0850 M | Regular | Apr 01, 2022 | May 13, 2022 | May 16, 2022 | May 31, 2022 |
| $0.0850 M | Regular | Apr 01, 2022 | Apr 13, 2022 | Apr 14, 2022 | Apr 29, 2022 |
| $0.0850 M | Regular | Jan 03, 2022 | Mar 14, 2022 | Mar 15, 2022 | Mar 31, 2022 |
| $0.0850 M | Regular | Jan 03, 2022 | Feb 14, 2022 | Feb 15, 2022 | Feb 28, 2022 |
| $0.0850 M | Regular | Jan 03, 2022 | Jan 13, 2022 | Jan 14, 2022 | Jan 31, 2022 |
| $0.0850 M | Regular | Oct 01, 2021 | Dec 14, 2021 | Dec 15, 2021 | Dec 31, 2021 |
| $0.0850 M | Regular | Oct 01, 2021 | Nov 12, 2021 | Nov 15, 2021 | Nov 30, 2021 |
| $0.0850 M | Regular | Oct 01, 2021 | Oct 14, 2021 | Oct 15, 2021 | Oct 29, 2021 |
| $0.0850 M | Regular | Jul 01, 2021 | Sep 14, 2021 | Sep 15, 2021 | Sep 30, 2021 |
| $0.0850 M | Regular | Jul 01, 2021 | Aug 13, 2021 | Aug 16, 2021 | Aug 31, 2021 |
| $0.0850 M | Regular | Jul 01, 2021 | Jul 14, 2021 | Jul 15, 2021 | Jul 30, 2021 |
| $0.0850 M | Regular | Apr 01, 2021 | Jun 14, 2021 | Jun 15, 2021 | Jun 30, 2021 |
| $0.0850 M | Regular | Apr 01, 2021 | May 14, 2021 | May 17, 2021 | May 28, 2021 |
| $0.0850 M | Regular | Apr 01, 2021 | Apr 14, 2021 | Apr 15, 2021 | Apr 30, 2021 |
| $0.0850 M | Regular | Jan 04, 2021 | Mar 12, 2021 | Mar 15, 2021 | Mar 31, 2021 |
| $0.0850 M | Regular | Jan 04, 2021 | Feb 12, 2021 | Feb 16, 2021 | Feb 26, 2021 |
| $0.0850 M | Regular | Jan 04, 2021 | Jan 14, 2021 | Jan 15, 2021 | Jan 29, 2021 |
| $0.0850 M | Regular | Dec 01, 2020 | Dec 14, 2020 | Dec 15, 2020 | Dec 31, 2020 |
| $0.0850 M | Regular | Nov 02, 2020 | Nov 13, 2020 | Nov 16, 2020 | Nov 30, 2020 |
| $0.0850 M | Regular | Oct 01, 2020 | Oct 14, 2020 | Oct 15, 2020 | Oct 30, 2020 |
| $0.0850 M | Regular | Sep 01, 2020 | Sep 14, 2020 | Sep 15, 2020 | Sep 30, 2020 |
| $0.0850 M | Regular | Aug 03, 2020 | Aug 13, 2020 | Aug 14, 2020 | Aug 31, 2020 |
| $0.0850 M | Regular | Jul 01, 2020 | Jul 14, 2020 | Jul 15, 2020 | Jul 31, 2020 |
| $0.0850 M | Regular | Apr 01, 2020 | Jun 15, 2020 | Jun 16, 2020 | Jun 30, 2020 |
| $0.0850 M | Regular | Apr 01, 2020 | May 14, 2020 | May 15, 2020 | May 29, 2020 |
| $0.0850 M | Regular | Apr 01, 2020 | Apr 14, 2020 | Apr 15, 2020 | Apr 30, 2020 |
| $0.0850 M | Regular | Jan 02, 2020 | Mar 13, 2020 | Mar 16, 2020 | Mar 31, 2020 |
| $0.0850 M | Regular | Jan 02, 2020 | Feb 13, 2020 | Feb 14, 2020 | Feb 28, 2020 |
| $0.0850 M | Regular | Jan 02, 2020 | Jan 14, 2020 | Jan 15, 2020 | Jan 31, 2020 |
| $0.0850 M | Regular | Oct 01, 2019 | Dec 13, 2019 | Dec 16, 2019 | Dec 31, 2019 |
| $0.0850 M | Regular | Oct 01, 2019 | Nov 14, 2019 | Nov 15, 2019 | Nov 29, 2019 |
| $0.0850 M | Regular | Oct 01, 2019 | Oct 15, 2019 | Oct 16, 2019 | Oct 31, 2019 |
| $0.0850 M | Regular | Jul 01, 2019 | Sep 13, 2019 | Sep 16, 2019 | Sep 30, 2019 |
| $0.0850 M | Regular | Jul 01, 2019 | Aug 14, 2019 | Aug 15, 2019 | Aug 30, 2019 |
| $0.0850 M | Regular | Jul 01, 2019 | Jul 12, 2019 | Jul 15, 2019 | Jul 31, 2019 |
| $0.0850 M | Regular | Apr 01, 2019 | Jun 13, 2019 | Jun 14, 2019 | Jun 28, 2019 |
| $0.0850 M | Regular | Apr 01, 2019 | May 14, 2019 | May 15, 2019 | May 31, 2019 |
| $0.0850 M | Regular | Apr 01, 2019 | Apr 12, 2019 | Apr 15, 2019 | Apr 30, 2019 |
| $0.0850 M | Regular | Jan 02, 2019 | Mar 14, 2019 | Mar 15, 2019 | Mar 29, 2019 |
| $0.0850 M | Regular | Jan 02, 2019 | Feb 14, 2019 | Feb 15, 2019 | Feb 28, 2019 |
| $0.0850 M | Regular | Jan 02, 2019 | Jan 14, 2019 | Jan 15, 2019 | Jan 31, 2019 |
| $0.0850 M | Regular | Oct 01, 2018 | Dec 13, 2018 | Dec 14, 2018 | Dec 31, 2018 |
| $0.0850 M | Regular | Oct 01, 2018 | Nov 14, 2018 | Nov 15, 2018 | Nov 30, 2018 |
| $0.0850 M | Regular | Oct 01, 2018 | Oct 12, 2018 | Oct 15, 2018 | Oct 31, 2018 |
| $0.0850 M | Regular | Jul 02, 2018 | Sep 13, 2018 | Sep 14, 2018 | Sep 28, 2018 |
| $0.0850 M | Regular | Jul 02, 2018 | Aug 14, 2018 | Aug 15, 2018 | Aug 31, 2018 |
| $0.0850 M | Regular | Jul 02, 2018 | Jul 13, 2018 | Jul 16, 2018 | Jul 31, 2018 |
| $0.0900 M | Regular | Apr 02, 2018 | Jun 14, 2018 | Jun 15, 2018 | Jun 29, 2018 |
| $0.0900 M | Regular | Apr 02, 2018 | May 14, 2018 | May 15, 2018 | May 31, 2018 |
| $0.0900 A | Regular | Apr 02, 2018 | Apr 13, 2018 | Apr 16, 2018 | Apr 30, 2018 |
| $0.0900 M | Regular | Jan 02, 2018 | Mar 14, 2018 | Mar 15, 2018 | Mar 29, 2018 |
| $0.0900 M | Regular | Jan 02, 2018 | Feb 14, 2018 | Feb 15, 2018 | Feb 28, 2018 |
| $0.0900 M | Regular | Jan 02, 2018 | Jan 12, 2018 | Jan 16, 2018 | Jan 31, 2018 |
| $0.0900 M | Regular | Oct 02, 2017 | Dec 14, 2017 | Dec 15, 2017 | Dec 29, 2017 |
| $0.0900 M | Regular | Oct 02, 2017 | Nov 14, 2017 | Nov 15, 2017 | Nov 30, 2017 |
| $0.0900 M | Regular | Oct 02, 2017 | Oct 13, 2017 | Oct 16, 2017 | Oct 31, 2017 |
| $0.0900 M | Regular | Jul 03, 2017 | Sep 14, 2017 | Sep 15, 2017 | Sep 29, 2017 |
| $0.0900 M | Regular | Jul 03, 2017 | Aug 11, 2017 | Aug 15, 2017 | Aug 31, 2017 |
| $0.0900 M | Regular | Jul 03, 2017 | Jul 12, 2017 | Jul 14, 2017 | Jul 31, 2017 |
| $0.0900 M | Regular | Apr 03, 2017 | Jun 13, 2017 | Jun 15, 2017 | Jun 30, 2017 |
| $0.0900 M | Regular | Apr 03, 2017 | May 11, 2017 | May 15, 2017 | May 31, 2017 |
| $0.0900 M | Regular | Apr 03, 2017 | Apr 12, 2017 | Apr 17, 2017 | Apr 28, 2017 |
| $0.0900 M | Regular | Jan 03, 2017 | Mar 13, 2017 | Mar 15, 2017 | Mar 31, 2017 |
| $0.0900 M | Regular | Jan 03, 2017 | Feb 13, 2017 | Feb 15, 2017 | Feb 28, 2017 |
| $0.0900 M | Regular | Jan 03, 2017 | Jan 12, 2017 | Jan 17, 2017 | Jan 31, 2017 |
| $0.0900 M | Regular | Oct 03, 2016 | Dec 13, 2016 | Dec 15, 2016 | Dec 30, 2016 |
| $0.0900 M | Regular | Oct 03, 2016 | Nov 10, 2016 | Nov 15, 2016 | Nov 30, 2016 |
| $0.0900 M | Regular | Oct 03, 2016 | Oct 12, 2016 | Oct 14, 2016 | Oct 31, 2016 |
Peer Comparison
Selected closed-end fund distribution payers we cover, strongest DividendRank first — for context, not a recommendation.
| Ticker | Name | Yield | 5-Yr Growth | Streak | Rank |
|---|---|---|---|---|---|
| ADKT | The Adirondack Trust Company | 4.61% | 11.3% | 5 yrs | 81 |
| FCR-UN.TO | First Capital Real Estate Investment Trust | 4.03% | 0.6% | 1 yr | 79 |
| SOR | Source Capital, Inc. | 5.42% | 8.8% | 0 yrs | 78 |
| STEW | SRH Total Return Fund, Inc. | 4.36% | 10.1% | 4 yrs | 78 |
Related Guides & Lists
MMD dividend — frequently asked questions
Does NYLI MacKay DefinedTerm Muni Opportunities Fund Shs of Beneficial Interest pay a dividend?
Yes. NYLI MacKay DefinedTerm Muni Opportunities Fund Shs of Beneficial Interest (MMD) currently pays a dividend. The annualized dividend is about $0.81 per share, a yield of approximately 5.58%.
What is NYLI MacKay DefinedTerm Muni Opportunities Fund Shs of Beneficial Interest's dividend yield?
NYLI MacKay DefinedTerm Muni Opportunities Fund Shs of Beneficial Interest's dividend yield is approximately 5.58%, based on the most recent regular payment annualized against the current share price. Yields move as the share price changes.
How often does NYLI MacKay DefinedTerm Muni Opportunities Fund Shs of Beneficial Interest pay dividends?
NYLI MacKay DefinedTerm Muni Opportunities Fund Shs of Beneficial Interest pays dividends monthly — 12 times per year.
When is NYLI MacKay DefinedTerm Muni Opportunities Fund Shs of Beneficial Interest's next ex-dividend date?
The next ex-dividend date on record for NYLI MacKay DefinedTerm Muni Opportunities Fund Shs of Beneficial Interest is September 15, 2026. The associated payment is $0.0675 per share; you must own the shares before the ex-dividend date to receive it.
How long has NYLI MacKay DefinedTerm Muni Opportunities Fund Shs of Beneficial Interest paid dividends?
NYLI MacKay DefinedTerm Muni Opportunities Fund Shs of Beneficial Interest has 14 years of dividend payments on record.
Data updated Sep 13, 2026. This research page is generated from Dividendly's structured market and dividend dataset using the approach described on our methodology and data sources pages. Data is automatically validated using defined rules and may also be periodically reviewed. Research only, not investment advice. Spotted a data error? Report it.