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MMD DRIP Calculator & Dividend Yield 2026
5.71% YieldFinancial ServicesNYLI MacKay DefinedTerm Muni Opportunities Fund Shs of Beneficial Interest · NYSE
Price: $13.79 · Annual div: $0.7875/share · Frequency: monthly · Payout ratio: N/A · Ex-div: 2026-11-16
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Portfolio growth: DRIP vs No DRIP
Annual dividend income growth
MMD Dividend Yield
MMD (NYLI MacKay DefinedTerm Muni Opportunities Fund Shs of Beneficial Interest) has a dividend yield of 5.71%, based on an annual dividend of $0.7875 per share and a price of $13.79. Over the last 12 months it paid $0.7875 per share — a trailing yield of 5.71%. Dividends are paid monthly.
Yield history: over the last 12 payments, MMD's 12-month yield ranged from 4.70% to 5.79%. Full MMD dividend history ↓
More monthly dividend stocks →More high-yield dividend stocks →
MMD DRIP Rate: How Many Shares Your Dividends Buy
With dividends reinvested, a MMD position grows its share count by about 5.43% in the first year at today's price and yield.
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🎯 When MMD pays your bills
Year your monthly dividend income covers each expense (based on current settings)
MMD Dividend History — Last 80 Payments
| Ex-Dividend Date | Payment Date | Amount / Share | TTM Yield | Stock Price |
|---|---|---|---|---|
| 2026-12-15Latest | 2027-01-04 | $0.0675 | — | — |
| 2026-11-16 | 2026-12-01 | $0.0675 | — | — |
| 2026-10-15 | 2026-11-02 | $0.0675 | 5.79% | $13.59 |
| 2026-09-15 | 2026-10-01 | $0.0675 | 5.22% | $14.94 |
| 2026-08-14 | 2026-09-01 | $0.0675 | 5.58% | $14.91 |
| 2026-07-15 | 2026-08-03 | $0.0675 | 4.95% | $15.47 |
| 2026-06-15 | 2026-07-01 | $0.0675 | 5.37% | $15.22 |
| 2026-05-15 | 2026-06-01 | $0.0675 | 5.02% | $14.94 |
| 2026-04-15 | 2026-05-01 | $0.0675 | 4.98% | $14.90 |
| 2026-03-16 | 2026-04-01 | $0.0650 | 4.70% | $15.63 |
| 2026-02-13 | 2026-03-02 | $0.0650 | 5.07% | $15.58 |
| 2026-01-15 | 2026-02-02 | $0.0650 | 4.85% | $14.94 |
| 2025-12-15 | 2026-01-02 | $0.0600 | 5.25% | $14.85 |
| 2025-11-14 | 2025-12-01 | $0.0600 | 5.15% | $15.15 |
| 2025-10-15 | 2025-11-03 | $0.0600 | 4.74% | $15.20 |
| 2025-09-15 | 2025-10-01 | $0.0600 | 5.34% | $14.60 |
| 2025-08-15 | 2025-09-02 | $0.0600 | 4.91% | $14.66 |
| 2025-07-15 | 2025-08-01 | $0.0600 | 4.87% | $14.77 |
| 2025-06-16 | 2025-07-01 | $0.0600 | 4.98% | $14.45 |
| 2025-05-15 | 2025-06-02 | $0.0600 | 4.89% | $14.71 |
| 2025-04-15 | 2025-05-01 | $0.0600 | 4.75% | $15.15 |
| 2025-03-14 | 2025-03-31 | $0.0600 | 4.63% | $15.54 |
| 2025-02-14 | 2025-02-28 | $0.0600 | 4.64% | $15.52 |
| 2025-01-15 | 2025-01-31 | $0.0600 | 4.77% | $15.11 |
| 2024-12-16 | 2024-12-31 | $0.0600 | 4.48% | $16.07 |
| 2024-11-21 | 2024-11-29 | $0.0600 | 4.33% | $16.61 |
| 2024-10-15 | 2024-10-31 | $0.0600 | 4.25% | $16.93 |
| 2024-09-16 | 2024-09-30 | $0.0600 | 4.29% | $16.77 |
| 2024-08-15 | 2024-08-30 | $0.0600 | 4.37% | $16.70 |
| 2024-07-15 | 2024-07-31 | $0.0600 | 4.52% | $16.38 |
| 2024-06-14 | 2024-06-28 | $0.0600 | 4.60% | $16.31 |
| 2024-05-15 | 2024-05-31 | $0.0600 | 4.76% | $16.07 |
| 2024-04-15 | 2024-04-30 | $0.0600 | 4.81% | $16.23 |
| 2024-03-14 | 2024-03-28 | $0.0600 | 4.83% | $16.47 |
| 2024-02-15 | 2024-02-29 | $0.0600 | 4.87% | $16.74 |
| 2024-01-12 | 2024-01-31 | $0.0600 | 5.58% | $16.39 |
| 2023-12-14 | 2023-12-29 | $0.0600 | 5.41% | $15.81 |
| 2023-11-14 | 2023-11-30 | $0.0600 | 6.03% | $14.59 |
| 2023-10-13 | 2023-10-31 | $0.0600 | 5.78% | $15.67 |
| 2023-09-14 | 2023-09-29 | $0.0700 | 5.47% | $16.99 |
| 2023-08-14 | 2023-08-31 | $0.0700 | 5.59% | $16.92 |
| 2023-07-13 | 2023-07-31 | $0.0700 | 6.11% | $17.09 |
| 2023-06-14 | 2023-06-30 | $0.0750 | 5.75% | $16.97 |
| 2023-05-12 | 2023-05-31 | $0.0750 | 6.23% | $17.18 |
| 2023-04-13 | 2023-04-28 | $0.0750 | 5.78% | $17.21 |
| 2023-03-14 | 2023-03-31 | $0.0800 | 5.79% | $17.35 |
| 2023-02-14 | 2023-02-28 | $0.0800 | 5.70% | $17.72 |
| 2023-01-13 | 2023-01-31 | $0.0800 | 6.19% | $16.40 |
| 2022-12-14 | 2022-12-30 | $0.0850 | 6.03% | $16.92 |
| 2022-11-14 | 2022-11-30 | $0.0850 | 6.44% | $15.84 |
| 2022-10-13 | 2022-10-31 | $0.0850 | 7.07% | $15.64 |
| 2022-09-14 | 2022-09-30 | $0.0850 | 5.82% | $17.53 |
| 2022-08-12 | 2022-08-31 | $0.0850 | 5.93% | $18.62 |
| 2022-07-14 | 2022-07-29 | $0.0850 | 5.58% | $18.28 |
| 2022-06-14 | 2022-06-30 | $0.0850 | 5.42% | $18.82 |
| 2022-05-13 | 2022-05-31 | $0.0850 | 6.15% | $17.98 |
| 2022-04-13 | 2022-04-29 | $0.0850 | 5.91% | $18.71 |
| 2022-03-14 | 2022-03-31 | $0.0850 | 5.15% | $19.80 |
| 2022-02-14 | 2022-02-28 | $0.0850 | 4.98% | $20.50 |
| 2022-01-13 | 2022-01-31 | $0.0850 | 5.16% | $21.43 |
| 2021-12-14 | 2021-12-31 | $0.0850 | 4.86% | $20.98 |
| 2021-11-12 | 2021-11-30 | $0.0850 | 5.21% | $21.22 |
| 2021-10-14 | 2021-10-29 | $0.0850 | 4.72% | $21.60 |
| 2021-09-14 | 2021-09-30 | $0.0850 | 4.50% | $22.65 |
| 2021-08-13 | 2021-08-31 | $0.0850 | 4.56% | $22.38 |
| 2021-07-14 | 2021-07-30 | $0.0850 | 4.50% | $22.68 |
| 2021-06-14 | 2021-06-30 | $0.0850 | 4.90% | $22.55 |
| 2021-05-14 | 2021-05-28 | $0.0850 | 4.59% | $22.24 |
| 2021-04-14 | 2021-04-30 | $0.0850 | 4.60% | $22.18 |
| 2021-03-12 | 2021-03-31 | $0.0850 | 4.27% | $21.92 |
| 2021-02-12 | 2021-02-26 | $0.0850 | 3.88% | $21.90 |
| 2021-01-14 | 2021-01-29 | $0.0850 | 3.51% | $21.80 |
| 2020-12-14 | 2020-12-31 | $0.0850 | — | — |
| 2020-11-13 | 2020-11-30 | $0.0850 | — | — |
| 2020-10-14 | 2020-10-30 | $0.0850 | — | — |
| 2020-09-14 | 2020-09-30 | $0.0850 | — | — |
| 2020-08-13 | 2020-08-31 | $0.0850 | — | — |
| 2020-07-14 | 2020-07-31 | $0.0850 | — | — |
| 2020-06-15 | 2020-06-30 | $0.0850 | — | — |
| 2020-05-14 | 2020-05-29 | $0.0850 | — | — |
About NYLI MacKay DefinedTerm Muni Opportunities Fund Shs of Beneficial Interest (MMD) — Dividend Analysis 2026
The MainStay DefinedTerm Municipal Opportunities Fund operates as a specialized closed-end investment vehicle, concentrating on fixed income securities. It is established and overseen by New York Life Investment Management LLC, with MacKay Shields LLC sharing co-management responsibilities. The fund primarily directs its capital toward U.S. debt markets, specifically focusing on high-quality municipal bonds that offer exemption from ordinary U.S. federal income taxation. Its performance is gauged against the Barclays Municipal Bond Index. This fund was initiated on June 26, 2012, and is domiciled within the United States.
MMD Dividend & DRIP — Frequently Asked Questions
What is MMD's dividend yield?
MMD (NYLI MacKay DefinedTerm Muni Opportunities Fund Shs of Beneficial Interest) has a dividend yield of 5.71%, based on an annual dividend of $0.7875 per share and a price of $13.79. Over the last 12 months it paid $0.7875 per share — a trailing yield of 5.71%. Dividends are paid monthly.
How much does $10,000 in MMD pay in dividends?
$10,000 in MMD at a 5.71% yield pays about $571 a year ($48 a month) before taxes. With DRIP, reinvested dividends buy more shares and that income compounds.
What is the DRIP rate for MMD?
With dividends reinvested, a MMD position grows its share count by about 5.43% in the first year at today's price and yield.
How do I calculate MMD dividend reinvestment (DRIP) returns?
Enter your starting amount, monthly contribution and time horizon in the MMD DRIP calculator at the top of this page. It reinvests each payout into new shares at the projected price, grows the dividend at the rate you choose and shows yearly income, share count, portfolio value and yield on cost. You can switch DRIP off to compare.
When is MMD's next ex-dividend date?
MMD's next ex-dividend date is 2026-11-16. MMD pays dividends monthly. Buy before the ex-dividend date to receive the next payment.
What is MMD's dividend growth rate?
MMD's dividend changed 9.4% over the last year and -5.0% a year on average over five years.
Similar dividend stocks to MMD
Forward dividend yield from the latest data · open any DRIP calculator
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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🌍 MMD Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold MMD.
| Account/Country | Tax Rate | After-tax Yield | Real Yield | $10K Annual Income |
|---|---|---|---|---|
| 🇺🇸 Roth IRA / 401k | 0% | 5.71% | 2.91% | $571 / yr |
| 🇺🇸 US Taxable (15%) ✓ | 15% | 4.85% | 2.05% | $485 / yr |
| 🇺🇸 US Taxable (20%) | 20% | 4.57% | 1.77% | $457 / yr |
| 🇬🇧 UK ISA | 0% | 5.71% | 2.91% | $571 / yr |
| 🇬🇧 UK Taxable | 8.75% | 5.21% | 2.41% | $521 / yr |
| 🇨🇦 TFSA | 0% | 5.71% | 2.91% | $571 / yr |
| 🇨🇦 CA Taxable | 25% | 4.28% | 1.48% | $428 / yr |
| 🇦🇺 Super (pension) | 15% | 4.85% | 2.05% | $485 / yr |
| 🇦🇺 AU Taxable | 30% | 4.00% | 1.20% | $400 / yr |
| 🇩🇪 DE Taxable | 26.375% | 4.20% | 1.40% | $420 / yr |
| 🇫🇷 FR Taxable | 30% | 4.00% | 1.20% | $400 / 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.
🎯 MMD Income Goal & Break-Even
12-month CPI (US BLS via FMP economic-indicators).
Based on current dividend of $0.79/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 MMD Dividend Payment Schedule
MMD pays every month — 12 payments per year.
📊 MMD vs Financial Services Benchmarks
How MMD compares to typical Financial Services averages.
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for MMD sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ MMD Insider Activity
When executives buy their own stock, it's a signal they believe in the dividend's sustainability.
| Insider | Title | Type | Date | Shares | Price | Total Value |
|---|---|---|---|---|---|---|
| Sale | 2026-08-07 | 100 | $15.02 | $1.5K | ||
| Sale | 2026-08-07 | 1,150 | $15.00 | $17.3K | ||
| Sale | 2025-11-25 | 0.715 | $14.92 | $11.00 | ||
| Sale | 2025-11-20 | 11,964.715 | $14.84 | $177.6K | ||
| Buy | 2025-01-17 | 3,300 | $14.92 | $49.2K | ||
| Buy | 2025-01-14 | 2,000 | $14.74 | $29.5K | ||
| Buy | 2024-11-20 | 2,500 | $15.79 | $39.5K | ||
| Sale | 2023-08-18 | 0.067 | $16.67 | $1.00 | ||
| Sale | 2023-08-07 | 4,567 | $16.86 | $77.0K | ||
| Sale | 2023-07-10 | 4,326 | $16.95 | $73.3K |
Insider transactions sourced from SEC Form 4 filings via Financial Modeling Prep. See disclaimer.
Peer Group
Similar companies in the same sectorCompare MMD with peers: MMD vs CAF · MMD vs DBL · MMD vs DSM
Financial Health Scores
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 MMD 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 →
NYLI MacKay DefinedTerm Muni Opportunities Fund Shs of Beneficial Interest (MMD) is currently trading at $13.79, trading near its 52-week low. The current dividend yield is 5.71% based on an annual payout of $0.7875 per share.
MMD (NYLI MacKay DefinedTerm Muni Opportunities Fund Shs of Beneficial Interest) — 5.71% Dividend Yield Analysis
NYLI MacKay DefinedTerm Muni Opportunities Fund Shs of Beneficial Interest (MMD) is a financial services stock currently trading at $13.79 with a dividend yield of 5.71%. It pays an annual dividend of $0.7875 per share. Over the past 5 years, MMD's dividend has declined at an average rate of 5.0% a year.
- Dividend payments are not guaranteed and can be reduced or suspended at any time.
Auto-generated from live market data. For educational purposes only — not financial advice.
Latest MMD News
LiveNews aggregated from public sources via Finnhub & RSS. For informational purposes only.
How investors use the MMD dividend calculator
Illustrative examples of common use cases, written by the DividendFlow team — not customer reviews.