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

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) declared a monthly dividend on Monday, December 16th,Wall Street Journal reports. Shareholders of record on Monday, December 23rd will be given a dividend of 0.125 per share on Tuesday, December 31st. This represents a $1.50 annualized dividend and a yield of 11.93%. The ex-dividend date is Monday, December 23rd.

MainStay CBRE Global Infrastructure Megatrends Term Fund Trading Down 2.9 %

MainStay CBRE Global Infrastructure Megatrends Term Fund stock traded down $0.38 on Monday, hitting $12.57. The company’s stock had a trading volume of 427,997 shares, compared to its average volume of 141,470. MainStay CBRE Global Infrastructure Megatrends Term Fund has a one year low of $11.28 and a one year high of $14.96. The company has a fifty day moving average price of $13.83 and a 200-day moving average price of $13.61.

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.