MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) Declares $0.13 Dividend

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) announced a dividend on Wednesday, June 18th, investing.com reports. Stockholders of record on Wednesday, June 25th will be paid a dividend of 0.125 per share on Monday, June 30th. This represents a dividend yield of 10.67%. The ex-dividend date is Tuesday, June 24th.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Performance

Shares of MEGI opened at $13.96 on Thursday. The firm has a 50 day moving average price of $13.66 and a 200-day moving average price of $13.00. MainStay CBRE Global Infrastructure Megatrends Term Fund has a fifty-two week low of $11.40 and a fifty-two week high of $14.96.

Institutional Investors Weigh In On MainStay CBRE Global Infrastructure Megatrends Term Fund

An institutional investor recently bought a new position in MainStay CBRE Global Infrastructure Megatrends Term Fund stock. NewEdge Advisors LLC bought a new position in MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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.