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 Thursday, November 14th,Wall Street Journal reports. Shareholders of record on Monday, November 25th will be paid 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 11.05%. The ex-dividend date is Monday, November 25th.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Up 0.6 %

MainStay CBRE Global Infrastructure Megatrends Term Fund stock opened at $13.58 on Friday. The company has a fifty day simple moving average of $14.21 and a 200-day simple moving average of $13.57. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 52-week low of $11.28 and a 52-week high of $14.96.

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.