NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) Dividend Calculator
NYLI MacKay DefinedTerm Muni Opportunities Fund · how much MMD pays you, by shares or dollars · updated
100 shares of NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) pay $81.00 a year in dividends, about $6.80 each month, at the current monthly dividend of $0.0680 per share (as of Nov 5, 2026). At the $14.23 share price that is a 5.69% yield, so $10,000 buys about 703 shares and pays about $569 a year. To get the next payment, buy by Nov 13, 2026.
Per share, a year
$0.81
100 shares, a year
$81.00
$10,000 invested, a year
$569.42
Shares for $1,000 a month
14,815
MMD NYLI MacKay DefinedTerm Muni Opportunities Fund
$14.23 · $0.81/yr dividend · 5.69% yield · monthly
Annual income
$81.00
Monthly (average)
$6.75
Per payment (monthly)
$6.75
Dividend yield
5.69%
Yield on cost
—
Enter your cost
Position value
$1,423
Your payments over the next 12 months
Based on MMD's actual pay dates over the past year
Income over 10 years if the dividend keeps growing 0% a year
Same shares, no reinvestment. Year 10: $81 · 10-year total: $810. Add reinvestment in the DRIP calculator →
How many MMD shares for a monthly income
Shares and money needed to earn each monthly amount from NYLI MacKay DefinedTerm Muni Opportunities Fund dividends alone, at today's rate and price, before tax. Spreading it across several stocks lowers the risk that one cut hits your whole income.
| Monthly income | Shares needed | Cost today |
|---|---|---|
| $100 a month | 1,482 | $21,081 |
| $250 a month | 3,704 | $52,689 |
| $500 a month | 7,408 | $105,379 |
| $1,000 a month | 14,815 | $210,743 |
| $2,000 a month | 29,630 | $421,487 |
| $5,000 a month | 74,075 | $1,053,717 |
What 100 shares of MMD paid each year
Holding 100 shares, you would have received $112.80 in 2016 and $72.00 in 2025, down 36%, without buying another share.
When you get the next MMD dividend
Last day to buy
Nov 13, 2026
Ex-dividend date
Nov 16, 2026
Pay date
Nov 30, 2026
Buy MMD by the close on the last day to buy and you are paid $0.0680 per share on Nov 30, 2026. Buy on the ex-dividend date or later and the seller gets it. MMD ex-dividend dates →
How the MMD dividend is calculated
Yearly income = shares × $0.81
Each payment = shares × $0.0680
Shares for a monthly income = (monthly goal × 12) ÷ $0.81
The rate is NYLI MacKay DefinedTerm Muni Opportunities Fund's current dividend as of Nov 5, 2026. A board can raise, cut or skip a dividend, so check the MMD dividend safety grade before counting on it.
Key facts: NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) dividend income
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, 100 shares of NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) pay $81.00 a year in dividends before tax, about $6.80 each month, at $0.81 per share a year.
- At its Nov 5, 2026 share price of $14.23, MMD yields 5.69%: $10,000 buys about 703 shares, which pay about $569.42 a year.
- Earning $1,000 a month ($12,000 a year) from MMD dividends alone takes about 14,815 shares, roughly $210,743 at today's price, before tax.
- 100 shares of MMD paid $112.80 in dividends in 2016 and $72.00 in 2025, down 36%.
- The next MMD dividend goes ex-dividend on Nov 16, 2026 and is paid on Nov 30, 2026; the last day to buy shares and receive it is Nov 13, 2026.
Cite this page
SmarterDividends, "NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) Dividend Calculator," updated Nov 5, 2026, https://smarterdividends.com/stocks/MMD/dividend-calculator
Frequently asked questions
How much dividend does 100 shares of MMD pay?
As of Nov 5, 2026, 100 shares of NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) pay $81.00 a year in dividends before tax, about $6.80 each month, at $0.81 per share a year.
How much dividend does 1,000 shares of MMD pay?
About $810 a year before tax, or $68.00 each month, at NYLI MacKay DefinedTerm Muni Opportunities Fund's current rate of $0.81 per share a year. Buying 1,000 shares costs about $14,225 at the Nov 5, 2026 price.
How many shares of MMD do I need to make $1,000 a month?
About 14,815 shares. $1,000 a month is $12,000 a year; divided by $0.81 a share, that's 14,815 shares, or about $210,743 at today's $14.23 price. Taxes in a regular brokerage account raise the number.
How much do I need to invest in MMD to make $100 a month?
About $21,074. $100 a month is $1,200 a year, and at a 5.69% yield that takes $21,074, or about 1,482 shares.
How often does NYLI MacKay DefinedTerm Muni Opportunities Fund pay dividends?
NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) pays every month, so you get 12 payments a year of about $0.0680 per share each.
How is the MMD dividend calculated?
Multiply your shares by the dividend per share. NYLI MacKay DefinedTerm Muni Opportunities Fund pays about $0.81 per share a year, so each share earns $0.81 a year and $0.0680 each month. Shares bought on or after the ex-dividend date don't get the next payment.
Are MMD dividends taxed?
In a U.S. taxable account, yes. Regular dividends from most U.S. companies are qualified, taxed at 0%, 15% or 20%, if you held the shares more than 60 days around the ex-dividend date. Foreign companies may also withhold tax at source. Inside an IRA, Roth IRA or 401(k), dividends aren't taxed when paid.
Figures use SmarterDividends data as of Nov 5, 2026, before tax, and assume the current dividend rate holds. For information only, not investment or tax advice. Back to MMD