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

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) declared a monthly dividend on Monday, March 17th, Wall Street Journal reports. Investors of record on Friday, May 23rd will be paid a dividend of 0.125 per share on Friday, May 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 11.45%. The ex-dividend date is Friday, May 23rd.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Performance

Shares of NYSE MEGI opened at $13.10 on Tuesday. The stock’s fifty day simple moving average is $12.53 and its 200 day simple moving average is $13.32. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 52-week low of $11.28 and a 52-week 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.