MainStay CBRE Global Infrastructure Megatrends Term Fund Declares Monthly Dividend of $0.12 (NYSE:MEGI)

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) announced a monthly dividend on Friday, June 12th. Stockholders of record on Tuesday, June 23rd will be given a dividend of 0.125 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis 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 MainStay CBRE Global Infrastructure Megatrends Term Fund stock opened at $15.11 on Friday. MainStay CBRE Global Infrastructure Megatrends Term Fund has a twelve month low of $13.42 and a twelve month high of $15.89. The business has a 50-day moving average price of $15.18 and a 200 day moving average price of $14.66.

Institutional Trading of MainStay CBRE Global Infrastructure Megatrends Term Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC purchased a new position in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund during the 1st quarter valued at approximately $37,000. Cetera Investment Advisers purchased a new stake in MainStay CBRE Global Infrastructure Megatrends Term Fund in the 2nd quarter worth $147,000. &PARTNERS purchased a new stake in MainStay CBRE Global Infrastructure Megatrends Term Fund in the 4th quarter worth $157,000. Geneos Wealth Management Inc. raised its position in MainStay CBRE Global Infrastructure Megatrends Term Fund by 473.6% during the second quarter. Geneos Wealth Management Inc. now owns 11,759 shares of the company’s stock worth $167,000 after acquiring an additional 9,709 shares during the period. Finally, Park Avenue Securities LLC raised its position in MainStay CBRE Global Infrastructure Megatrends Term Fund by 7.6% during the fourth quarter. Park Avenue Securities LLC now owns 12,519 shares of the company’s stock worth $172,000 after acquiring an additional 884 shares during the period.

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.