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 Tuesday, October 15th, Wall Street Journal reports. Stockholders of record on Thursday, October 24th will be paid a dividend of 0.125 per share on Thursday, October 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 10.39%. The ex-dividend date is Thursday, October 24th.

MainStay CBRE Global Infrastructure Megatrends Term Fund Price Performance

MEGI traded up $0.18 during trading on Tuesday, reaching $14.44. 179,772 shares of the stock were exchanged, compared to its average volume of 137,631. The stock’s 50 day moving average price is $14.08 and its two-hundred day moving average price is $13.21. MainStay CBRE Global Infrastructure Megatrends Term Fund has a twelve month low of $10.63 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.