MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) To Go Ex-Dividend on December 23rd

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) declared a monthly dividend on Monday, December 16th,Wall Street Journal reports. Stockholders of record on Monday, December 23rd will be given a dividend of 0.125 per share on Tuesday, December 31st. This represents a $1.50 annualized dividend and a dividend yield of 11.99%. The ex-dividend date is Monday, December 23rd.

MainStay CBRE Global Infrastructure Megatrends Term Fund Trading Down 0.4 %

MainStay CBRE Global Infrastructure Megatrends Term Fund stock opened at $12.51 on Wednesday. The firm has a 50 day simple moving average of $13.79 and a 200 day simple moving average of $13.61. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 1-year low of $11.28 and a 1-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.