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 Monday, March 17th, Wall Street Journal reports. Investors of record on Friday, May 23rd will be given a dividend of 0.125 per share on Friday, May 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 11.45%. The ex-dividend date is Friday, May 23rd.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Up 1.6 %

MEGI traded up $0.21 on Monday, hitting $13.10. 193,051 shares of the company traded hands, compared to its average volume of 156,879. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 12-month low of $11.28 and a 12-month high of $14.96. The company has a 50 day moving average of $12.53 and a 200-day moving average of $13.32.

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.