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NYLI MacKay DefinedTerm Muni Opportunities FundMMD +0.60%32 Dividend Payout Ratio is 1.17 as of May. 2026, which is 52% above its 10-year median of 0.77. GuruFocus rates MMD with a GF Score™ of 32/100. The stock has 3 warning signs investors should review. Among 934 Asset Management companies, NYLI MacKay DefinedTerm Muni Opportunities Fund ranks better than 57.07% on this metric.
During the past 12 months, NYLI MacKay DefinedTerm Muni Opportunities Fund's average Dividends Per Share Growth Rate was 5.30% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was -8.00% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was -7.70% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was -4.70% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
NYLI MacKay DefinedTerm Muni Opportunities Fund (NYSE:MMD) Dividend Payout Ratio Explanation
In dividends investing, Dividend 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.
NYLI MacKay DefinedTerm Muni Opportunities Fund Dividend Payout Ratio Related Terms
NYLI MacKay DefinedTerm Muni Opportunities Fund Dividend Payout Ratio Historical Data
* 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.
NYLI MacKay DefinedTerm Muni Opportunities Fund Dividend Payout Ratio Chart
NYLI MacKay DefinedTerm Muni Opportunities Fund Annual Data
MMD vs PMO, EFT, RMM: Dividend Payout Ratio Comparison
For the Asset Management subindustry, NYLI MacKay DefinedTerm Muni 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.
NYLI MacKay DefinedTerm Muni Opportunities Fund Dividend Payout Ratio vs Asset Management Industry
NYLI MacKay DefinedTerm Muni Opportunities Fund Dividend Payout Ratio Calculation
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.
* 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.
NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) has a Dividend Payout Ratio of 1.17 as of May. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on NYLI MacKay DefinedTerm Muni Opportunities Fund and its competitors. This is 52% above median its historical median of 0.77. Over the past decade, NYLI MacKay DefinedTerm Muni Opportunities Fund's Dividend Payout Ratio has ranged from 0.41 to 2.55. According to the industry distribution chart, NYLI MacKay DefinedTerm Muni Opportunities Fund ranks #401 out of 934 companies in the Asset Management industry, placing it in the top 42.9%.
Is NYLI MacKay DefinedTerm Muni Opportunities Fund's Dividend Payout Ratio too high?
NYLI MacKay DefinedTerm Muni Opportunities Fund's current Dividend Payout Ratio of 1.17 is 52% above median its 10-year median of 0.77. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 2.55. The Asset Management industry median Dividend Payout Ratio is 0.67. NYLI MacKay DefinedTerm Muni Opportunities Fund's value of 1.17 is 74.6% above this industry median. Based on the distribution chart, NYLI MacKay DefinedTerm Muni Opportunities Fund ranks #401 out of 934 companies in the Asset Management industry, which is above the industry midpoint. Overall, NYLI MacKay DefinedTerm Muni Opportunities Fund has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does NYLI MacKay DefinedTerm Muni Opportunities Fund's Dividend Payout Ratio compare to PMO and EFT?
According to the Asset Management industry distribution chart, NYLI MacKay DefinedTerm Muni Opportunities Fund ranks #401 out of 934 companies for Dividend Payout Ratio. This puts NYLI MacKay DefinedTerm Muni Opportunities Fund in the upper half of its industry. The industry median Dividend Payout Ratio is 0.67. NYLI MacKay DefinedTerm Muni Opportunities Fund's value of 1.17 is 74.6% above this benchmark. Historically, NYLI MacKay DefinedTerm Muni Opportunities Fund's own Dividend Payout Ratio has ranged from 0.41 to 2.55 over the past decade. While the company's 10-year median is 0.77 vs. the industry median of 0.67, NYLI MacKay DefinedTerm Muni Opportunities Fund has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Asset Management company?
The median Dividend Payout Ratio among Asset Management companies is 0.67, based on 934 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NYLI MacKay DefinedTerm Muni Opportunities Fund's current Dividend Payout Ratio of 1.17 is 74.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on NYLI MacKay DefinedTerm Muni Opportunities Fund and its competitors. For the Asset Management industry, the median Dividend Payout Ratio is 0.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NYLI MacKay DefinedTerm Muni Opportunities Fund's current Dividend Payout Ratio is 1.17, which is 52% above median its own 10-year median of 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NYLI MacKay DefinedTerm Muni Opportunities Fund stock overvalued right now?
NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) has a current Dividend Payout Ratio of 1.17. The current Dividend Payout Ratio is 1.17, which is 52% above median its 10-year median of 0.77 and 74.6% above the Asset Management industry median of 0.67. NYLI MacKay DefinedTerm Muni Opportunities Fund's overall GF Score™ is 32/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD), the current Dividend Payout Ratio is 1.17 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
NYLI MacKay DefinedTerm Muni 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 predominantly invests in municipal bonds, the interest on which is, in the opinion of bond counsel to the issuers, generally excludable from gross income for regular U.S. Federal income tax purposes.
32GF Score
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