MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) to Issue Monthly Dividend of $0.13 on November 29th

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) announced a monthly dividend on Thursday, November 14th,Wall Street Journal reports. Stockholders of record on Monday, November 25th will be paid a dividend of 0.125 per share on Friday, November 29th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 11.05%. The ex-dividend date is Monday, November 25th.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Up 0.6 %

MainStay CBRE Global Infrastructure Megatrends Term Fund stock opened at $13.58 on Friday. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 1-year low of $11.28 and a 1-year high of $14.96. The firm’s 50 day simple moving average is $14.22 and its 200 day simple moving average is $13.56.

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.