MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI – Get Free Report) declared a monthly dividend on Friday, June 12th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of 0.125 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date is Tuesday, June 23rd.
MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Performance
Shares of MEGI opened at $15.11 on Friday. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 52 week low of $13.42 and a 52 week high of $15.89. The stock’s 50-day moving average price is $15.18 and its 200-day moving average price is $14.66.
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.
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