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

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) announced a monthly dividend on Monday, December 16th,Wall Street Journal reports. Stockholders 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 dividend yield of 12.29%. The ex-dividend date of this dividend is Monday, December 23rd.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Up 0.6 %

Shares of MainStay CBRE Global Infrastructure Megatrends Term Fund stock opened at $12.21 on Friday. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 12-month low of $11.28 and a 12-month high of $14.96. The stock’s fifty day moving average is $13.64 and its 200-day moving average is $13.58.

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.