MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) to Issue Monthly Dividend of $0.13 on February 28th

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) announced a monthly dividend on Thursday, February 13th, Wall Street Journal reports. Shareholders of record on Monday, February 24th will be paid a dividend of 0.125 per share on Friday, February 28th. This represents a $1.50 annualized dividend and a dividend yield of 11.86%. The ex-dividend date is Monday, February 24th.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Performance

Shares of MEGI opened at $12.65 on Friday. The stock’s fifty day moving average price is $12.45 and its two-hundred day moving average price is $13.42. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 1 year low of $11.28 and a 1 year high of $14.96.

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.