MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) To Go Ex-Dividend on February 24th

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) declared a monthly dividend on Thursday, February 13th,Wall Street Journal reports. Shareholders of record on Monday, February 24th will be paid a dividend of 0.125 per share on Friday, February 28th. This represents a $1.50 annualized dividend and a yield of 11.99%. The ex-dividend date of this dividend is Monday, February 24th.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Performance

Shares of NYSE:MEGI opened at $12.51 on Friday. The firm has a 50 day simple moving average of $12.50 and a 200-day simple moving average of $13.45. MainStay CBRE Global Infrastructure Megatrends Term Fund has a twelve month low of $11.28 and a twelve month high of $14.96.

About MainStay CBRE Global Infrastructure Megatrends Term Fund

The Fund’s investment objective is to seek a high level of total return with an emphasis on current income. There is no assurance that the Fund will achieve its investment objective. Tthe Fund invests at least 80% of its assets (net assets plus borrowings for investment purposes) in securities issued by infrastructure companies.