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 Friday, March 14th, NASDAQ Dividends reports. Shareholders of record on Monday, March 24th will be given a dividend of 0.125 per share on Monday, March 24th. This represents a $1.50 annualized dividend and a yield of 11.66%. The ex-dividend date of this dividend is Monday, March 31st.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Performance

NYSE MEGI traded up $0.19 during trading on Friday, hitting $12.86. The stock had a trading volume of 127,020 shares, compared to its average volume of 156,356. MainStay CBRE Global Infrastructure Megatrends Term Fund has a twelve month low of $11.28 and a twelve month high of $14.96. The firm has a 50 day moving average price of $12.53 and a 200 day moving average price of $13.34.

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.