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MMD Dividend

NYLI MacKay DefinedTerm Muni Opportunities Fund Shs of Beneficial Interest

NYSEFinancial ServicesStockData as of
Dividend yield
5.10%
Annual dividend
$0.77
Payout ratio
0.53
Frequency
Monthly
Share price
$14.99
Market cap
$282M

Next payment

Ex-dividend date: Pay date: Amount: $0.0675

You must own the shares before the ex-dividend date to receive this payment.

Is MMD a good dividend stock?

What the data shows. These are observations, not recommendations — see the disclaimer at the foot of the page.

  • Yield is above the market median5.10% against a median of 2.78% across US dividend payers.
  • Dividend is comfortably coveredA payout ratio of 0.53 means roughly 53% of earnings go to the dividend, leaving room to keep paying through a weaker year.
  • Dividend has been cut 6 timesAcross 14 complete years, the annual total fell in 2019, 2023, 2024 and earlier. The most recent reduction was in 2024.
  • Pays monthlyPayments arrive twelve times a year rather than the usual four, which suits income being drawn rather than reinvested.

MMD dividend history

Annual dividend per share, 2012 to 2025.

201220152018202120242025
Peak $1.18 in 2015Year the total fellTypical payment × payments that year, split-adjusted, excluding special and one-off distributions. Robust to duplicate records in the source data. The current year is omitted while incomplete.

Recent dividend payments

The last 40 dividend payments for MMD, most recent first.
Ex-dividend datePay dateAmountType
$0.0675Monthly
$0.0675Monthly
$0.0675Monthly
$0.0675Monthly
$0.0675Monthly
$0.0675Monthly
$0.0650Monthly
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$0.0650Monthly
$0.0600Monthly
$0.0600Monthly
$0.0600Monthly
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$0.0600Monthly
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$0.0600Monthly
$0.0700Monthly
$0.0700Monthly
$0.0700Monthly
$0.0750Monthly

How much would MMD pay you?

Enter an amount and see the income this dividend would produce — per year, per payment and per month.

Calculate MMD dividend income →

MMD appears in

Frequently asked questions

Does MMD pay a dividend?
Yes. NYLI MacKay DefinedTerm Muni Opportunities Fund Shs of Beneficial Interest pays a monthly dividend, currently yielding 5.10% based on trailing twelve-month payments of $0.77 per share.
How much does MMD pay in dividends?
$0.77 per share over the last twelve months, paid monthly. Special and one-off distributions are excluded from that figure because they do not recur.
When is the next MMD ex-dividend date?
The next ex-dividend date on record is August 14, 2026, with payment on September 1, 2026. You must own the shares before the ex-dividend date to receive that payment.