MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) to Issue Monthly Dividend of $0.13 on March 24th

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) announced a monthly dividend on Friday, March 14th, NASDAQ Dividends reports. Investors of record on Monday, March 24th will be paid a dividend of 0.125 per share on Monday, March 24th. This represents a $1.50 annualized dividend and a dividend yield of 11.66%. The ex-dividend date is Monday, March 31st.

MainStay CBRE Global Infrastructure Megatrends Term Fund Price Performance

Shares of MEGI opened at $12.86 on Friday. The firm has a 50 day moving average of $12.53 and a 200 day moving average of $13.33. MainStay CBRE Global Infrastructure Megatrends Term Fund has a twelve month low of $11.28 and a twelve 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.