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

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) declared a monthly dividend on Monday, March 17th, Wall Street Journal reports. Investors of record on Friday, May 23rd will be given a dividend of 0.125 per share on Friday, May 30th. This represents a $1.50 annualized dividend and a yield of 11.45%. The ex-dividend date of this dividend is Friday, May 23rd.

MainStay CBRE Global Infrastructure Megatrends Term Fund Price Performance

MEGI stock traded up $0.21 during mid-day trading on Monday, reaching $13.10. The company had a trading volume of 193,051 shares, compared to its average volume of 156,879. The firm has a fifty day simple moving average of $12.53 and a 200 day simple moving average of $13.32. MainStay CBRE Global Infrastructure Megatrends Term Fund has a fifty-two week low of $11.28 and a fifty-two week 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.