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

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) declared a monthly dividend on Tuesday, January 14th,Wall Street Journal reports. Shareholders of record on Monday, January 27th will be given a dividend of 0.125 per share on Friday, January 31st. This represents a $1.50 dividend on an annualized basis and a yield of 12.16%. The ex-dividend date is Monday, January 27th.

MainStay CBRE Global Infrastructure Megatrends Term Fund Trading Up 1.8 %

Shares of MEGI stock traded up $0.22 during mid-day trading on Wednesday, hitting $12.34. 159,023 shares of the stock were exchanged, compared to its average volume of 190,558. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 52-week low of $11.28 and a 52-week high of $14.96. The firm has a fifty day moving average of $12.96 and a 200 day moving average of $13.55.

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.