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

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) announced a monthly dividend on Friday, November 15th,Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 11.21%. The ex-dividend date is Monday, November 25th.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Performance

NYSE MEGI traded up $0.21 during mid-day trading on Friday, hitting $13.38. The stock had a trading volume of 146,316 shares, compared to its average volume of 137,302. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 52-week low of $11.28 and a 52-week high of $14.96. The company has a 50 day simple moving average of $14.32 and a 200 day simple moving average of $13.53.

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.