MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI – Get Free Report) announced a monthly dividend on Tuesday, March 18th, Wall Street Journal reports. Stockholders of record on Friday, May 23rd will be paid a dividend of 0.125 per share on Friday, May 30th. This represents a $1.50 annualized dividend and a dividend yield of 10.59%. The ex-dividend date of this dividend is Friday, May 23rd.
MainStay CBRE Global Infrastructure Megatrends Term Fund Trading Up 0.4%
Shares of MEGI opened at $14.17 on Wednesday. The stock has a fifty day moving average price of $13.17 and a 200-day moving average price of $12.93. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 12 month low of $11.40 and a 12 month high of $14.96.
Hedge Funds Weigh In On MainStay CBRE Global Infrastructure Megatrends Term Fund
A hedge fund recently bought a new stake in MainStay CBRE Global Infrastructure Megatrends Term Fund stock. NewEdge Advisors LLC bought a new stake in MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 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.
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