MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) Raises Dividend to $0.13 Per Share

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) announced a monthly dividend on Friday, March 14th, investing.com reports. Investors of record on Tuesday, April 22nd will be given a dividend of 0.125 per share on Wednesday, April 30th. This represents a $1.50 annualized dividend and a yield of 11.33%. The ex-dividend date is Tuesday, April 22nd. This is a 15.7% increase from MainStay CBRE Global Infrastructure Megatrends Term Fund’s previous monthly dividend of $0.11.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Performance

NYSE:MEGI opened at $13.25 on Friday. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 52 week low of $11.40 and a 52 week high of $14.96. The stock’s fifty day moving average is $12.74 and its two-hundred day moving average is $13.06.

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.