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 Thursday, November 14th,Wall Street Journal reports. Investors of record on Monday, November 25th will be given a dividend of 0.125 per share on Friday, November 29th. This represents a $1.50 annualized dividend and a yield of 11.23%. The ex-dividend date of this dividend is Monday, November 25th.

MainStay CBRE Global Infrastructure Megatrends Term Fund Price Performance

Shares of MEGI stock opened at $13.36 on Friday. The company’s fifty day simple moving average is $14.29 and its two-hundred day simple moving average is $13.53. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 1 year low of $11.28 and a 1 year high of $14.96.

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.