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MainStay MacKay Convertible Fund Class I · NASDAQ
Price: $23.73 · Annual div: $1.75/share · Frequency: quarterly · Payout ratio: 50% · Ex-div: TBD
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Year your monthly dividend income covers each expense (based on current settings)
$10,000 in MCNVX → $369.67 in 10 years · $0.07/month
This fund is designed to achieve two main objectives: growth in its capital value and the generation of ongoing income. Typically, the fund allocates a minimum of 80% of its total assets (inclusive of any borrowed capital for investment purposes) to "convertible securities." This category generally encompasses debt instruments like bonds, debentures, and corporate notes, as well as preferred stocks or other financial instruments that can be exchanged for common stock, or for the cash equivalent value of a single stock, a group of stocks, or an equity index. The remainder of the portfolio may be deployed in non-convertible debt instruments, equity securities that do not provide regular dividends, U.S. government-backed securities, or cash and highly liquid equivalents.
This calculation uses the DividendFlow Engine v6.0. Data is verified daily against SEC filings and FMP real-time feeds to ensure projection accuracy.
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Real after-tax yield depends on where you live and how you hold MCNVX.
| Account/Country | Tax Rate | After-tax Yield | Real Yield | $10K Annual Income |
|---|---|---|---|---|
| 🇺🇸 Roth IRA / 401k | 0% | 7.36% | 4.56% | $736 / yr |
| 🇺🇸 US Taxable (15%) ✓ | 15% | 6.26% | 3.46% | $626 / yr |
| 🇺🇸 US Taxable (20%) | 20% | 5.89% | 3.09% | $589 / yr |
| 🇬🇧 UK ISA | 0% | 7.36% | 4.56% | $736 / yr |
| 🇬🇧 UK Taxable | 8.75% | 6.72% | 3.92% | $672 / yr |
| 🇨🇦 TFSA | 0% | 7.36% | 4.56% | $736 / yr |
| 🇨🇦 CA Taxable | 25% | 5.52% | 2.72% | $552 / yr |
| 🇦🇺 Super (pension) | 15% | 6.26% | 3.46% | $626 / yr |
| 🇦🇺 AU Taxable | 30% | 5.15% | 2.35% | $515 / yr |
| 🇩🇪 DE Taxable | 26.375% | 5.42% | 2.62% | $542 / yr |
| 🇫🇷 FR Taxable | 30% | 5.15% | 2.35% | $515 / yr |
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
12-month CPI (US BLS via FMP economic-indicators).
Based on current dividend of $1.75/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
MCNVX pays quarterly — 4 times per year. Next ex-div: TBD.
How MCNVX compares to typical Financial Services averages.
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for MCNVX sourced from FMP /financial-growth endpoint — real data, not estimates.
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the MCNVX dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →
MainStay MacKay Convertible Fund Class I (MCNVX) is currently trading at $23.73, 8% below its 52-week high. The current dividend yield is 7.36% based on an annual payout of $1.75 per share.
MainStay MacKay Convertible Fund Class I (MCNVX) is a financial services stock currently trading at $23.73 with a dividend yield of 7.36%. The company pays an annual dividend of $1.75 per share. The payout ratio of 50% suggests the dividend is well-covered by earnings. Over the past 5 years, MCNVX has grown its dividend at a compound annual rate of 50.0%.
Auto-generated from live market data. For educational purposes only — not financial advice.
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