MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) Announces Dividend Increase – $0.13 Per Share

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) declared a dividend on Sunday, March 23rd, investing.com reports. Stockholders of record on Tuesday, March 25th will be paid a dividend of 0.125 per share on Monday, March 31st. This represents a dividend yield of 11.38%. The ex-dividend date of this dividend is Monday, March 24th. This is a 15.7% increase from MainStay CBRE Global Infrastructure Megatrends Term Fund’s previous dividend of $0.11.

MainStay CBRE Global Infrastructure Megatrends Term Fund Price Performance

Shares of NYSE:MEGI traded down $0.07 during trading hours on Friday, hitting $13.19. The stock had a trading volume of 60,842 shares, compared to its average volume of 156,724. 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’s fifty day simple moving average is $12.60 and its 200 day simple moving average is $13.29.

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.