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

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) announced a monthly dividend on Tuesday, March 18th, Wall Street Journal reports. Investors of record on Friday, May 23rd will be paid a dividend of 0.125 per share on Friday, May 30th. This represents a $1.50 annualized dividend and a dividend yield of 11.45%. The ex-dividend date of this dividend is Friday, May 23rd.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Up 0.2 %

Shares of MEGI opened at $13.11 on Wednesday. MainStay CBRE Global Infrastructure Megatrends Term Fund has a one year low of $11.28 and a one year high of $14.96. The business has a fifty day moving average of $12.55 and a 200 day moving average of $13.31.

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.