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

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) announced a monthly dividend on Friday, March 13th. Shareholders of record on Friday, April 24th will be paid a dividend of 0.125 per share on Thursday, April 30th. This represents a c) annualized dividend and a yield of 10.1%. The ex-dividend date is Friday, April 24th.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Up 0.2%

Shares of MEGI stock traded up $0.03 during trading hours on Friday, hitting $14.89. 106,716 shares of the company were exchanged, compared to its average volume of 210,304. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 52 week low of $11.40 and a 52 week high of $15.89. The business has a 50 day moving average of $14.58 and a two-hundred day moving average of $14.36.

About MainStay CBRE Global Infrastructure Megatrends Term Fund

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) is a closed-end term fund that seeks to deliver total return through a combination of income and capital appreciation by investing primarily in global infrastructure securities. The fund targets companies involved in the development, ownership, or operation of transportation networks, energy and utility systems, digital infrastructure and related megatrends. By focusing on essential assets that underpin long-term economic growth, MEGI aims to generate a stable income stream while capturing opportunities for capital gains.

Launched in 2021, MEGI employs a thematic investment approach managed by CBRE Clarion Securities’ dedicated infrastructure equity team.