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, May 22nd will be given a dividend of 0.125 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 10.1%. The ex-dividend date is Friday, May 22nd.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Up 0.2%

MEGI opened at $14.89 on Friday. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 12-month low of $11.40 and a 12-month high of $15.89. The business has a 50 day moving average of $14.60 and a 200-day moving average of $14.36.

MainStay CBRE Global Infrastructure Megatrends Term Fund Company Profile

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.