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

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) announced a dividend on Monday, March 24th, investing.com reports. Investors of record on Tuesday, March 25th will be given a dividend of 0.125 per share on Monday, March 31st. This represents a yield of 11.4%. 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 Price Performance

NYSE MEGI traded down $0.04 during trading on Monday, reaching $13.14. The company’s stock had a trading volume of 138,764 shares, compared to its average volume of 156,653. The firm has a fifty day moving average of $12.62 and a 200 day moving average of $13.29. MainStay CBRE Global Infrastructure Megatrends Term Fund has a one year low of $11.28 and a one 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.