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

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) announced a monthly dividend on Friday, March 14th, NASDAQ Dividends reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 11.66%. The ex-dividend date of this dividend is Monday, March 31st.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Performance

Shares of NYSE:MEGI traded up $0.19 during trading on Friday, reaching $12.86. The stock had a trading volume of 127,020 shares, compared to its average volume of 156,356. The business has a fifty day moving average price of $12.53 and a 200-day moving average price of $13.34. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 1-year low of $11.28 and a 1-year high of $14.96.

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.