MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) to Issue Monthly Dividend of $0.13 on September 30th

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) declared a monthly dividend on Monday, September 16th, NASDAQ reports. Investors of record on Thursday, September 26th will be paid a dividend of 0.125 per share on Monday, September 30th. This represents a $1.50 annualized dividend and a yield of 10.18%. The ex-dividend date of this dividend is Thursday, September 26th.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Up 1.4 %

MainStay CBRE Global Infrastructure Megatrends Term Fund stock opened at $14.74 on Tuesday. The stock’s 50 day moving average is $13.72 and its 200 day moving average is $12.99. MainStay CBRE Global Infrastructure Megatrends Term Fund has a one year low of $10.63 and a one year high of $14.74.

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.