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

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) declared a monthly dividend on Monday, June 16th, Wall Street Journal reports. Stockholders 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 dividend yield of 10.58%. The ex-dividend date of this dividend is Monday, August 25th.

MainStay CBRE Global Infrastructure Megatrends Term Fund Trading Down 0.1%

Shares of NYSE MEGI traded down $0.02 during mid-day trading on Monday, reaching $14.18. 67,900 shares of the company’s stock were exchanged, compared to its average volume of 166,818. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 52 week low of $11.40 and a 52 week high of $14.96. The firm has a 50-day moving average price of $13.54 and a two-hundred day moving average price of $12.98.

Hedge Funds 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 purchased a new position in MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 15,219 shares of the company’s stock, valued at approximately $203,000.

About MainStay CBRE Global Infrastructure Megatrends Term Fund

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.