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

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) declared a monthly dividend on Tuesday, January 14th,Wall Street Journal reports. Shareholders of record on Monday, January 27th will be given a dividend of 0.125 per share on Friday, January 31st. This represents a $1.50 annualized dividend and a yield of 11.71%. The ex-dividend date of this dividend is Monday, January 27th.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Performance

Shares of MEGI opened at $12.81 on Friday. The company’s fifty day moving average is $12.83 and its 200 day moving average is $13.53. 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.

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.