NYLI MacKay DefinedTerm Muni Opportunities Fund
MMDFinancial Services · Stock · monthly payer
$15.22
Add to PortfolioForward Yield
5.32%
Annual Dividend
$0.81
Payout Ratio
720%
5-Yr Growth
-6.7%
Ex-Date
Jun 15, 2026
Frequency
Monthly
MMD Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Is MMD a good dividend stock?
MixedNYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) pays a monthly dividend yielding 5.32% ($0.81/yr), with 1 year of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2024
- Elevated payout ratio (720%)
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 5.32%
- Payout Ratio
- 720%
- Annual Dividend
- $0.81
- 5-Yr Avg Growth
- -6.7%
- Ex-Dividend Date
- Jun 15, 2026
- Years of Growth
- 1
- Frequency
- monthly
- Beta
- 0.58
- Market Cap
- $285.8M
- P/E Ratio
- 152.2
- 5-Yr Total Return
- -32%
- 52-Week Range
- $14.38 – $15.82
- Dividend Safety
- C · 51/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 15, 2026 | — | $0.0680 | regular |
| Apr 15, 2026 | — | $0.0680 | regular |
| Mar 16, 2026 | — | $0.0650 | regular |
| Feb 13, 2026 | — | $0.0650 | regular |
| Jan 15, 2026 | — | $0.0650 | regular |
| Dec 15, 2025 | — | $0.0600 | regular |
| Nov 14, 2025 | — | $0.0600 | regular |
| Oct 15, 2025 | — | $0.0600 | regular |
| Sep 15, 2025 | — | $0.0600 | regular |
| Aug 15, 2025 | — | $0.0600 | regular |
| Jul 15, 2025 | — | $0.0600 | regular |
| Jun 16, 2025 | — | $0.0600 | regular |
| May 15, 2025 | — | $0.0600 | regular |
| Apr 15, 2025 | — | $0.0600 | regular |
Income Calculator
At $0.81 / yr per share
