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 Thursday, February 13th, Wall Street Journal reports. Investors of record on Monday, February 24th will be given a dividend of 0.125 per share on Friday, February 28th. This represents a $1.50 annualized dividend and a yield of 11.86%. The ex-dividend date of this dividend is Monday, February 24th.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Performance

MainStay CBRE Global Infrastructure Megatrends Term Fund stock opened at $12.65 on Friday. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 52 week low of $11.28 and a 52 week high of $14.96. The business has a 50-day simple moving average of $12.45 and a 200 day simple moving average of $13.42.

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.