MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) Plans Dividend Increase – $0.13 Per Share

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) announced a dividend on Monday, March 24th, investing.com reports. Shareholders of record on Tuesday, March 25th will be given a dividend of 0.125 per share on Monday, March 31st. This represents a yield of 11.4%. The ex-dividend date is Monday, March 24th. This is a 15.7% increase from MainStay CBRE Global Infrastructure Megatrends Term Fund’s previous dividend of $0.11.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Performance

Shares of MainStay CBRE Global Infrastructure Megatrends Term Fund stock opened at $13.14 on Tuesday. The company has a fifty day simple moving average of $12.62 and a 200-day simple moving average of $13.29. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 12-month low of $11.28 and a 12-month high of $14.96.

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.