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

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) announced a monthly dividend on Thursday, November 14th,Wall Street Journal reports. Stockholders 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 dividend yield of 11.23%. The ex-dividend date of this dividend is Monday, November 25th.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Performance

Shares of NYSE MEGI traded up $0.19 during midday trading on Friday, reaching $13.36. 137,473 shares of the company were exchanged, compared to its average volume of 137,372. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 1 year low of $11.28 and a 1 year high of $14.96. The stock has a fifty day simple moving average of $14.32 and a 200 day simple moving average of $13.53.

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.