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

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 11.94%. The ex-dividend date of this dividend is Monday, December 23rd.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Performance

MEGI opened at $12.56 on Tuesday. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 1 year low of $11.28 and a 1 year high of $14.96. The stock’s 50 day simple moving average is $13.79 and its 200 day simple moving average is $13.61.

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.