MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) Declares $0.13 Monthly Dividend

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) declared a monthly dividend on Tuesday, January 14th,Wall Street Journal reports. Investors of record on Monday, January 27th will be given a dividend of 0.125 per share on Friday, January 31st. This represents a $1.50 annualized dividend and a dividend yield of 12.16%. The ex-dividend date of this dividend is Monday, January 27th.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Up 1.8 %

MainStay CBRE Global Infrastructure Megatrends Term Fund stock traded up $0.22 during trading hours on Wednesday, hitting $12.34. 159,023 shares of the stock traded hands, compared to its average volume of 190,558. The firm’s 50 day moving average price is $12.96 and its 200-day moving average price is $13.55. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 1 year low of $11.28 and a 1 year high of $14.96.

MainStay CBRE Global Infrastructure Megatrends Term Fund Company Profile

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.