MMD (NYLI MacKay DefinedTerm Muni Opportunities Fund) Dividend Yield %: 4.89% (As of Jun. 25, 2026) — Near Median


MMD NYLI MacKay DefinedTerm Muni Opportunities Fund MMD
30 GF Score
Price $15.52
! 5 Warning Signs
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What is NYLI MacKay DefinedTerm Muni Opportunities Fund Dividend Yield %?

NYLI MacKay DefinedTerm Muni Opportunities Fund MMD +0.26% 30 Dividend Yield % is 4.89% as of Jun. 25, 2026, which is 1% below its 10-year median of 4.96. GuruFocus rates MMD with a GF Score™ of 30/100. The stock has 5 warning signs investors should review. Among 1,115 Asset Management companies, NYLI MacKay DefinedTerm Muni Opportunities Fund ranks worse than 60.09% on this metric.

As of today (2026-06-25), the Trailing Annual Dividend Yield of NYLI MacKay DefinedTerm Muni Opportunities Fund is 4.89%.

Warning Sign:

NYLI MacKay DefinedTerm Muni Opportunities Fund stock Dividend Yield % is close to 10-year low.

The historical rank and industry rank for NYLI MacKay DefinedTerm Muni Opportunities Fund's Dividend Yield % or its related term are showing as below:

MMD' s Dividend Yield % Range Over the Past 10 Years
Min: 4.43   Med: 4.96   Max: 6.79
Current: 4.89

During the past 8 years, the highest Dividend Yield of NYLI MacKay DefinedTerm Muni Opportunities Fund was 6.79%. The lowest was 4.43%. And the median was 4.96%.

MMD's Dividend Yield % is ranked worse than
60.09% of 1115 companies
in the Asset Management industry
Industry Median: 6.03 vs MMD: 4.89

NYLI MacKay DefinedTerm Muni Opportunities Fund's Dividend Payout Ratio for the six months ended in Nov. 2025 was 0.34.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of NYLI MacKay DefinedTerm Muni Opportunities Fund is 6.73, which seems too high.

During the past 8 years, the highest Dividend Payout Ratio of NYLI MacKay DefinedTerm Muni Opportunities Fund was 6.73. The lowest was 0.41. And the median was 1.03.

As of today (2026-06-25), the Forward Dividend Yield % of NYLI MacKay DefinedTerm Muni Opportunities Fund is 5.21%.

NYLI MacKay DefinedTerm Muni Opportunities Fund's Dividends per Share for the six months ended in Nov. 2025 was $0.36.

During the past 3 years, the average Dividends Per Share Growth Rate was -11.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -7.50% 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 Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

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.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.

NYLI MacKay DefinedTerm Muni Opportunities Fund Dividend Yield % Related Terms

NYLI MacKay DefinedTerm Muni Opportunities Fund Dividend Yield % Historical Data

* Premium members only.

The historical data trend for NYLI MacKay DefinedTerm Muni Opportunities Fund's Dividend Yield % 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.

NYLI MacKay DefinedTerm Muni Opportunities Fund Dividend Yield % Chart

NYLI MacKay DefinedTerm Muni Opportunities Fund Annual Data
Trend May18 May19 May20 May21 May22 May23 May24 May25
Dividend Yield %
Get a 7-Day Free Trial 4.46 5.43 5.79 4.72 4.96

NYLI MacKay DefinedTerm Muni Opportunities Fund Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
Dividend Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.58 4.72 4.47 4.96 4.82

MMD vs PMO, RMM, KWY: Dividend Yield % Comparison

For the Asset Management subindustry, NYLI MacKay DefinedTerm Muni Opportunities Fund's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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 Yield % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, NYLI MacKay DefinedTerm Muni Opportunities Fund's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where NYLI MacKay DefinedTerm Muni Opportunities Fund's Dividend Yield % falls into.


MMD
30GF Score
NYLI MacKay DefinedTerm Muni Opportunities Fund MMD
Dividend Yield % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NYLI MacKay DefinedTerm Muni Opportunities Fund Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

NYLI MacKay DefinedTerm Muni Opportunities Fund Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.0675002026-06-152026-06-152026-07-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0675002026-05-152026-05-152026-06-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0675002026-04-152026-04-152026-05-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0650002026-03-162026-03-162026-04-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0650002026-02-132026-02-132026-03-02Cash DividendmonthlyUSD:USD 1.000000
USD 0.0650002026-01-152026-01-152026-02-02Cash DividendmonthlyUSD:USD 1.000000
USD 0.0600002025-12-152025-12-152026-01-02Cash DividendmonthlyUSD:USD 1.000000
USD 0.0600002025-11-142025-11-142025-12-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0600002025-10-152025-10-152025-11-03Cash DividendmonthlyUSD:USD 1.000000
USD 0.0600002025-09-152025-09-152025-10-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0600002025-08-152025-08-152025-09-02Cash DividendmonthlyUSD:USD 1.000000
USD 0.0600002025-07-152025-07-152025-08-01Cash DividendmonthlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

NYLI MacKay DefinedTerm Muni Opportunities Fund's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=0.7575/15.52
=4.88 %

Current Share Price is $15.52.
NYLI MacKay DefinedTerm Muni Opportunities Fund's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.7575.

NYLI MacKay DefinedTerm Muni Opportunities Fund's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=0.81/15.52
=5.22 %

Current Share Price is $15.52.
NYLI MacKay DefinedTerm Muni Opportunities Fund's Dividends per Share for the forward twelve months is calculated as $0.0675 * 12 = $0.81.

* 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.

Frequently Asked Questions Learn more about Dividend Yield % →
What does a Dividend Yield % of 4.89% mean?
NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) has a Dividend Yield % of 4.89% as of Jun. 25, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on NYLI MacKay DefinedTerm Muni Opportunities Fund and its competitors. This is near median its historical median of 4.96. Over the past decade, NYLI MacKay DefinedTerm Muni Opportunities Fund's Dividend Yield % has ranged from 4.43 to 6.79. According to the industry distribution chart, NYLI MacKay DefinedTerm Muni Opportunities Fund ranks #670 out of 1115 companies in the Asset Management industry, placing it in the top 60.1%.
Is NYLI MacKay DefinedTerm Muni Opportunities Fund's Dividend Yield % too high?
NYLI MacKay DefinedTerm Muni Opportunities Fund's current Dividend Yield % of 4.89% is near median its 10-year median of 4.96. Over the past 10 years, this metric has ranged from a low of 4.43 to a high of 6.79. The Asset Management industry median Dividend Yield % is 6.03. NYLI MacKay DefinedTerm Muni Opportunities Fund's value of 4.89% is 18.9% below this industry median. Based on the distribution chart, NYLI MacKay DefinedTerm Muni Opportunities Fund ranks #670 out of 1115 companies in the Asset Management industry, which is below the industry midpoint. Overall, NYLI MacKay DefinedTerm Muni Opportunities Fund has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does NYLI MacKay DefinedTerm Muni Opportunities Fund's Dividend Yield % compare to PMO and RMM?
According to the Asset Management industry distribution chart, NYLI MacKay DefinedTerm Muni Opportunities Fund ranks #670 out of 1115 companies for Dividend Yield %. This places NYLI MacKay DefinedTerm Muni Opportunities Fund in the lower half of its industry. The industry median Dividend Yield % is 6.03. NYLI MacKay DefinedTerm Muni Opportunities Fund's value of 4.89% is 18.9% below this benchmark. Historically, NYLI MacKay DefinedTerm Muni Opportunities Fund's own Dividend Yield % has ranged from 4.43 to 6.79 over the past decade. While the company's 10-year median is 4.96 vs. the industry median of 6.03, NYLI MacKay DefinedTerm Muni Opportunities Fund has consistently been below 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 Yield % for an Asset Management company?
The median Dividend Yield % among Asset Management companies is 6.03, based on 1,115 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Dividend Yield % 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 Yield % of 4.89% is 18.9% below 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 Yield % mean?
A high Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Dividend yield is the ratio of company dividends to the share price. View historical data on NYLI MacKay DefinedTerm Muni Opportunities Fund and its competitors. For the Asset Management industry, the median Dividend Yield % is 6.03 — 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 Yield % is 4.89%, which is near median its own 10-year median of 4.96. 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 Yield % of 4.89%. The current Dividend Yield % is 4.89%, which is near median its 10-year median of 4.96 and 18.9% below the Asset Management industry median of 6.03. NYLI MacKay DefinedTerm Muni Opportunities Fund's overall GF Score™ is 30/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD), the current Dividend Yield % is 4.89% as of Jun. 25, 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 Business Description

Address 51 Madison Avenue, New York, NY, USA, 10010
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.
30GF Score

Get the complete analysis for MMD

Dividend Yield % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$15.52
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