MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) to Issue Dividend Increase – $0.13 Per Share

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) declared a dividend on Sunday, March 23rd, investing.com reports. Shareholders 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 11.38%. The ex-dividend date 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 opened at $13.19 on Monday. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 1 year low of $11.28 and a 1 year high of $14.96. The stock has a 50-day moving average price of $12.60 and a two-hundred day moving average price of $13.29.

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.