MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) to Issue Monthly Dividend of $0.13 on March 31st

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) declared 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 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 11.38%. The ex-dividend date is Monday, March 24th.

MainStay CBRE Global Infrastructure Megatrends Term Fund Trading Down 0.6 %

Shares of NYSE:MEGI opened at $13.19 on Friday. The firm has a fifty day moving average of $12.60 and a 200 day moving average of $13.30. 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.