MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI – Get Free Report) declared a monthly dividend on Monday, March 17th, Wall Street Journal reports. Stockholders of record on Friday, May 23rd will be given a dividend of 0.125 per share on Friday, May 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 10.59%. The ex-dividend date is Friday, May 23rd.
MainStay CBRE Global Infrastructure Megatrends Term Fund Price Performance
Shares of NYSE:MEGI opened at $14.17 on Wednesday. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 52-week low of $11.40 and a 52-week high of $14.96. The business’s 50 day moving average is $13.17 and its 200 day moving average is $12.93.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in MainStay CBRE Global Infrastructure Megatrends Term Fund stock. NewEdge Advisors LLC acquired a new position in MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,219 shares of the company’s stock, valued at approximately $203,000.
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.
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