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

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) declared a monthly dividend on Monday, March 17th, Wall Street Journal reports. Stockholders of record on Friday, May 23rd will be paid a dividend of 0.125 per share on Friday, May 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 11.45%. The ex-dividend date of this dividend is Friday, May 23rd.

MainStay CBRE Global Infrastructure Megatrends Term Fund Price Performance

Shares of MEGI opened at $13.11 on Wednesday. The firm has a fifty day moving average price of $12.55 and a 200-day moving average price of $13.31. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 12-month low of $11.28 and a 12-month 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.