MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) Announces Monthly Dividend of $0.13

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) declared a monthly dividend on Monday, June 16th, Wall Street Journal reports. Shareholders of record on Monday, August 25th will be paid a dividend of 0.125 per share on Friday, August 29th. This represents a $1.50 annualized dividend and a yield of 10.67%. The ex-dividend date is Monday, August 25th.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Performance

NYSE MEGI opened at $14.06 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 has a 50 day moving average price of $13.63 and a 200-day moving average price of $12.99.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MainStay CBRE Global Infrastructure Megatrends Term Fund stock. NewEdge Advisors LLC bought a new stake in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 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.