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

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) announced a dividend on Sunday, March 23rd, investing.com reports. Stockholders of record on Tuesday, March 25th will be given a dividend of 0.125 per share on Monday, March 31st. This represents a dividend yield of 11.38%. The ex-dividend date of this dividend is Monday, March 24th. This is a 15.7% increase from MainStay CBRE Global Infrastructure Megatrends Term Fund’s previous dividend of $0.11.

MainStay CBRE Global Infrastructure Megatrends Term Fund Trading Down 0.6 %

NYSE MEGI opened at $13.19 on Monday. The stock has a 50-day simple moving average of $12.60 and a 200 day simple moving average of $13.29. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 12 month low of $11.28 and a 12 month 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.