MainStay MacKay DefinedTerm Municipal Opportunities Fund (MainStay MacKay DefinedTerm Municipal Opportunities Fund) Dividend Payout Ratio : 2.05 (As of Nov. 2023)

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What is MainStay MacKay DefinedTerm Municipal Opportunities Fund Dividend Payout Ratio?

MainStay MacKay DefinedTerm Municipal Opportunities Fund's dividend payout ratio for the months ended in Nov. 2023 was 2.05.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of MainStay MacKay DefinedTerm Municipal Opportunities Fund is 1.21, which seems too high.

The historical rank and industry rank for MainStay MacKay DefinedTerm Municipal Opportunities Fund's Dividend Payout Ratio or its related term are showing as below:

MMD' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.41 Med: 0.9 Max: 2.55
Current: 1.21

During the past 6 years, the highest Dividend Payout Ratio of MainStay MacKay DefinedTerm Municipal Opportunities Fund was 2.55. The lowest was 0.41. And the median was 0.90.

MMD's Dividend Payout Ratio is ranked worse than
71.23% of 935 companies
in the Asset Management industry
Industry Median: 0.83 vs MMD: 1.21

As of today (2024-05-05), the Dividend Yield % of MainStay MacKay DefinedTerm Municipal Opportunities Fund is 4.82%.

During the past 6 years, the highest Trailing Annual Dividend Yield of MainStay MacKay DefinedTerm Municipal Opportunities Fund was 6.79%. The lowest was 4.43%. And the median was 5.37%.

MainStay MacKay DefinedTerm Municipal Opportunities Fund's Dividends per Share for the months ended in Nov. 2023 was $0.39.

During the past 12 months, MainStay MacKay DefinedTerm Municipal Opportunities Fund's average Dividends Per Share Growth Rate was -16.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -1.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -1.50% per year.

During the past 6 years, the highest 3-Year average Dividends Per Share Growth Rate of MainStay MacKay DefinedTerm Municipal Opportunities Fund was -1.50% per year. The lowest was -1.90% per year. And the median was -1.70% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Dividend Payout Ratio Historical Data

The historical data trend for MainStay MacKay DefinedTerm Municipal Opportunities Fund's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Dividend Payout Ratio Chart

MainStay MacKay DefinedTerm Municipal Opportunities Fund Annual Data

Trend

May18

May19

May20

May21

May22

May23

Dividend Payout Ratio

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0.77

2.55

0.41

MainStay MacKay DefinedTerm Municipal Opportunities Fund Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Dividend Payout Ratio	Get a 7-Day Free Trial								2.04	-	-	0.90	2.05

Competitive Comparison of MainStay MacKay DefinedTerm Municipal Opportunities Fund's Dividend Payout Ratio

For the Asset Management subindustry, MainStay MacKay DefinedTerm Municipal Opportunities Fund's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

MainStay MacKay DefinedTerm Municipal Opportunities Fund's Dividend Payout Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, MainStay MacKay DefinedTerm Municipal Opportunities Fund's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where MainStay MacKay DefinedTerm Municipal Opportunities Fund's Dividend Payout Ratio falls into.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

MainStay MacKay DefinedTerm Municipal Opportunities Fund's Dividend Payout Ratio for the fiscal year that ended in May. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: May. 2023 )	/	EPS without NRI (A: May. 2023 )
	=	0.975	/	-0.3
	=	N/A

MainStay MacKay DefinedTerm Municipal Opportunities Fund's Dividend Payout Ratio for the quarter that ended in Nov. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Nov. 2023 )	/	EPS without NRI (Q: Nov. 2023 )
	=	0.39	/	0.19
	=	2.05

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of MainStay MacKay DefinedTerm Municipal Opportunities Fund's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

MainStay MacKay DefinedTerm Municipal Opportunities Fund (MainStay MacKay DefinedTerm Municipal Opportunities Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

51 Madison Avenue, New York, NY, USA, 10010

Website

https://www.nylinvestments.com

MainStay MacKay DefinedTerm Municipal Opportunities Fund is a USA-based diversified closed-end management investment company. The fund's investment objective is to seek current income exempt from regular U.S. Federal income taxes as well as total return. The company may also invest in TOB (Tender Option Bonds) Floaters and TOB Residuals issued by the TOB Issuer. It evaluates its performance against Barclays Municipal Bond Index.

Executives

Michael Denlinger	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Naim Abou-jaoude	other: CEO, NY LIFE INVEST MGMENT LLC	200 ALDERSGATE STREET, C/O CANDRIAM, NORTH ENTRANCE, LONDON X0 EC1A4HD
Michael Petty	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Alain M Karaoglan	other: Chairman & Interim CEO	230 PARK AVENUE, NEW YORK NY 10169
Kevin M Gleason	officer: Chief Compliance Officer	30 HUDSON STREET, JERSEY CITY NJ 07302
Robert A Dimella	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Scott Sprauer	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Karen Hammond	other: Advisory Board Member	1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Yie-hsin Hung	other: Executive Vice President	30 HUDSON STREET, JERSEY CITY NJ 07302
Jeffrey S Phlegar	other: CEO of Subadvisor
Yi-chia Kuo	officer: Chief Compliance Officer	30 HUDSON STREET, JERSEY CITY NJ 07302
Nolan Richard H Jr	director	51 MADISON AVENUE, NEW YORK NY 10010
John J Lawlor	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Kirk C Lehneis	officer: President	51 MADISON AVENUE, NEW YORK NY 10010
Stephen P. Fisher	officer: President	169 LACKAWANNA AVENUE, PARSIPPANY NJ 07054