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

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) declared a monthly dividend on Tuesday, March 18th, 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 annualized dividend and a yield of 11.45%. The ex-dividend date is Friday, May 23rd.

MainStay CBRE Global Infrastructure Megatrends Term Fund Trading Up 0.2 %

NYSE MEGI opened at $13.11 on Wednesday. The business’s fifty day moving average is $12.55 and its 200 day moving average is $13.31. 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.