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

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) announced a dividend on Sunday, March 23rd, investing.com reports. Shareholders of record on Tuesday, March 25th will be paid a dividend of 0.125 per share on Monday, March 31st. This represents a yield of 11.38%. The ex-dividend date 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 Stock Down 0.6 %

Shares of NYSE MEGI traded down $0.07 during midday trading on Friday, hitting $13.19. 60,842 shares of the company’s stock were exchanged, compared to its average volume of 156,724. The business’s fifty day moving average price is $12.60 and its two-hundred day moving average price is $13.29. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 12-month low of $11.28 and a 12-month high of $14.96.

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.