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

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) declared a dividend on Monday, March 24th, investing.com reports. Shareholders of record on Tuesday, March 25th will be paid 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 Trading Down 0.3 %

Shares of MEGI traded down $0.04 during mid-day 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. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 52 week low of $11.28 and a 52 week high of $14.96. The company’s fifty day moving average price is $12.62 and its two-hundred day moving average price is $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.