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

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) announced a monthly dividend on Friday, March 14th, NASDAQ Dividends reports. Investors of record on Monday, March 24th will be given a dividend of 0.125 per share on Monday, March 24th. This represents a $1.50 annualized dividend and a yield of 11.66%. The ex-dividend date of this dividend is Monday, March 31st.

MainStay CBRE Global Infrastructure Megatrends Term Fund Price Performance

MEGI stock traded up $0.19 during trading on Friday, hitting $12.86. 127,020 shares of the company’s stock were exchanged, compared to its average volume of 156,356. The business has a 50-day moving average price of $12.53 and a two-hundred day moving average price of $13.34. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 52-week low of $11.28 and a 52-week 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.